CAMAGROB Boosts Cocoa Production With FCFA 40M Inputs

 

CAMAGROB, a cooperative managing approximately 1,500 cocoa producers in the Mbam and Kim Division in the Central Region of Cameroon, has just purchased a cargo of inputs worth FCFA 40 million.

Out of the amount which was used to make the purchase, FCFA 25 million was obtained through a loan granted by Advans Cameroon, a network of microfinance establishments supported by Société Générale, which is specialised in the financing of very small enterprises. The remaining FCFA 15 million was provided by a partner (probably an exporter) whose name was not revealed.

In 2015, CAMAGROB sold a total volume of 434 tons of cocoa. This success attracted partnerships with financial institutions and local traders.

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Author: achablah

I am a Student Journalist in the University of Buea

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