Generale de Caisses Pour L Epargne Et Le Financement Auu Cameroun (GECEFIC SA)
Avenue Ahmadou Ahidjo
P.O 411, Douala
Phone number00237 694 04 9448
Company Address Tenoue@gecefic-cmr.com
Phone00237 694 04 94 48
OrganisationFinnish Business Promotion and Publication
Project typeJoint venture
Project abstractGenerale de Caisses Pour L Epargne Et Le Financement Auu Cameroun (GECEFIC), Cameroonian company specialised in microfinancing is searching for Finnish joint venture partners for agricultural and technical project.
Project descriptionGECEFIC, established in 1997 is based in Douala, Cameroon and currently employs 105 persons.
The company operates in microfinancing. GECEFIC has a diversity of financial service providers that serve poor and low-income people in Cameroon. The portfolio of services comprises financial products made up of special formulas of proximity micro credits and credit such as: daily savings, ‘micro-credit solidaire or MCS’ (joint liability micro-credit), ‘crédit spécifique de lancement or CSL’ (specific start-up credit), ‘prêt soutenu de croissance or PSC’ (sustained growth loan). Added to these are conventional banking products: savings accounts, detail accounts, current commercial accounts, and term accounts, social deposit receipts short term loans, currency and traveler’s cheque sales.
The company operates in seven of ten regions of Cameroon. GECEFIC has done international business with an Italian company in past. The company is interested expanding to international business and cooperation with viable partners.
The company´s goal is to finance local agricultural projects and to extend micro-activities by creating jobs to rural citizens which are marginalized by the bank credits. GECEFIC is looking for a joint venture partner to achieve this.
Number of employees50-249
Annual turnover in €0,5 - 2 million
Annual balance sheet total0,5 - 2 million