The Micro Trust Fund - MITFUND - was set up in 1998 thanks to the joint efforts of KAFINVEST and First Bank, with a
view to meeting the funding needs of micro-enterprises in the Central African sub-region.
Mitfund activities are geared towards various sectors aimed at improving on the living standards of Cameroonians and creating wealth. These are:
- Livestock production
- Stone cutting
- Fish-farming
- Petty trade
- Agriculture
- Processing of basic commodities
- Supply of basic pharmaceutical products in rural areas
- Sand extraction
Mode of operation
MITFUND operations are varied and can be in the form of:
- Provision of long-term financing for micro-entreprises
- Financing of micro-entreprise applied research
- Capacity-building of small business people.
It should be mentioned that the equity participation of MITFUND in any project ranges from CFA F 100 000 f to CFA 5 000
000 F for a period of one to five years.
Resources placed at the disposal of micro-enterprises do not require a guarantee.
At the end of the partnership,
MITFUND withdraws from the project by selling its shares to business persons or to any other person upon common
agreement.
