DID maintains its support for rural enterprise development managed by youth in Cameroon - a project financed by IFAD

February 7, 2017

DID will extend into 2018 its participation in the Youth Agropastoral Entrepreneurship Promotion Program in Cameroon (PEA-Youth) conducted with financial support from the International Fund for Agricultural Development (IFAD) at the United Nations.

Launched in 2015, this program is aimed at supporting the development of profitable enterprises managed by young rural entrepreneurs aged 18 to 35 through sustained access to financial and non-financial products adapted to their economic activities.

The PEA-Youth program follows up on the PADMIR support project for rural microfinance in which DID took part from 2013 and 2016. Under this project, a facilitation fund was made available to Cameroon financial institutions giving them access to the resources needed to properly finance the equipment used by rural entrepreneurs. The PADMIR program also assisted participating institutions in strengthening their risk management practices.

Extending the contract awarded to DID will thus make it possible to continue supporting the management of financial services provided to agropastoral enterprises and build capacity at the participating financial institutions. Upon completion, the project aims to provide access to financing for more than 5000 agropastoral enterprises operated by young people.