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CECAW is a microfinance institution (MFI) originally created to offer credit to artisans in Douala’s informal sector. Today, CECAW offers savings and credit services in Douala, the country’s economic capital, as well as in Yaoundé and two other regions of the country, targeting income-generating activities for populations excluded from bank credit.
Cameroon has been ruled for over 40 years by Paul Biya (who is over 90). The country has to deal with conflicts in the north (Boko Haram zone) and in the north-west (latent civil war following the refusal of the English-speaking regions to become autonomous). Nonetheless, it remains the largest economy in the Central African region, with a very dynamic informal sector and a climate conducive to agriculture.
CECAW aims to “contribute to the sustainable well-being of its members, mainly craftsmen, women and young people promoting income-generating activities, through quality financial and non-financial services. In particular, CECAW collects the daily savings of small vendors in the informal sector to help them build up savings for their working capital and gradually lead them towards credit.
