According to the Bank’s website, the proposed project consists of a 4-year unsecured senior loan of up to 5.5 billion Central African Franc (“XAF”) or approx. US$8.4 million equiv. comprising up to 1.8 billion XAF (US$2.8 million equiv.) from IFC’s own account and mobilization from other lenders of up to 3.7 billion XAF (US$5.6 million equiv.) to Société Camerounaise d’Equipement (“SCE”), the second independent leasing company in Cameroon by market share for on-lending and leasing services to Small and Medium Enterprises (“SMEs”). As per the Company’s strategy, the Project will provide SCE with funding to support SMEs operating in Cameroon’s priority sectors, including construction and public works (38% of the activity) and transport (25%) while growing its agriculture and medical equipment portfolio.
Société Camerounaise d’Équipement
Chief Finance Officer
+237 696 20 21 74
Société Camerounaise d'Équipement, BP 178 YDE
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