Key Farmers Savings and Loans Cooperative Society Limited - KEFACCUL

(Unverified non-profit organisation)

Key Farmers Savings and Loans Cooperative Society Limited – KEFACCUL was formed in 2012, after the food riot in Cameroon in 2008, to provide financial support to needy farmers and small business investors in under-served rural communities in the Republic of Cameroon and beyond. Since most commercial banks are located in cities, smallholder farmers and business owners in remote rural communities are out of reach of their services; since most of them do not possess collateral securities to obtain loans from these big banks. KEFACCUL has therefore taken the initiative in supporting mostly women farmers with both short and medium term credits to enable them buy farm inputs such as: planting materials, agro-chemicals, farm tools and equipment, rent farms, hire labour etc. With the above support, farmers are able to increase food production, sell and be able to send their children back to school.

Apart from financial assistance to smallholder farmers and business owners in the form of micro- credits, KEFACCUL also helps in organizing business classes for our members and customers. This training is helping beneficiaries in keeping good financial records for their business. KEFACCUL is also providing additional training which enable smallholder farmers in marketing their produce as well as assisting village women and youth in setting up and operating small enterprises as a means for independent employment. KEFACCUL is a micro-finance answerable to its board of directors, General manager, Financial director, and a host of other staff.

It is the intention of KEFACCUL to partner with other financial institutions in order to replicate its business model in other parts of Cameroon and beyond.

Website

http://www.kefaccul.wordpress.com

Year established

2012

Organisation annual cash turnover (in US$ equivalent)

Less than 500,000

Participant in relevant networks

Rural Financial Network, Association of Micro-credits

Further information


About this organisation

Partnership types

Advocacy of global issues; Doing business with the poor; Standards and guidelines...show all (6)

Regions / countries / territories

Africa: Cameroon

Global issues

Agriculture, aquaculture and forestry; Children, youth and family welfare; Community...show all (13)

Goods categories

Agriculture, aquaculture & forestry; Apparel & fashion; Books &...show all (21)

Business sectors

Accounting and management services; Agriculture and livestock; Aquaculture; Community...show all (10)