Investisseurs et Partenaires (I&P), an investment fund dedicated to Africa chaired by Jean-Michel Severino (photo), and Somtou Cameroun, a company specialising in the digital transformation of SMEs, announce the launch of a programme to support SMEs in the country.

This programme consists of making available to SMEs a repayable advance (interest-free loan) to carry out a business project: development of a new activity, organizational and digital transformation, etc.". This programme consists of making a repayable advance (interest-free loan) available to SMEs to carry out a business project: development of a new activity, organizational and digital transformation, etc.", according to an official press release.

Depending on needs and projects, the amount of the loan to be allocated to SMEs varies between CFAF 20 and 40 million, we learn, "with a maximum allocation of 30% for the transformation of the company, the rest of the funds being allocated to the working capital needs of the SME and/or the acquisition of new equipment".

 According to the two program partners, "at the end of the seed period (1 year), the SME can choose to repay the advance over a period of 2 years without interest, or convert the loan into shares in its capital".

Source : INVESTIRAUCAMEROUN