Even you too can bank OR invest with CAMMICS.
CELBMD Africa Mobile Micro Credit Scheme (CAMICS)
CAMMICS is a project of The Center for Entrepreneurship, Leadership and Business Management Development (CELBMD) Africa that is addressing economic community transformation by empowering rural & Semi-Urban women/youths to carry on small businesses and be financially inclusive. Loan recipients get low interest loans to start small businesses after receiving empowerment in vocational skills, entrepreneurship & small business management
We make our targeted women/youths who are considered "Unbanked" by formal financial institutions to bank by using mobile technology to increase financial inclusiveness in rural areas, their mobile phone numbers are turned into account numbers which they are able to receive loans from CAMMICS through their mobile phones, pay back their loans, save and cash-out their savings.
“2.5 billion People lack access to financial services and capital, the majority of them are women” Jim Jung Kim President World Bank. Most rural & Semi-urban women/youths lack skills to succeed in their business, also they lack access to finance to fund their business, they cannot access finance because of barriers like collateral, bank account, transaction history etc because of this they are poor because no money to start or expand their business.
Through CAMMICS, rural/semi urban and less privileged women/youths are empowered with skills, micro credit loans to start a business through which they are able to educate their children in school, carter for their medical bills and afford other basic needs
CAMMICS was launched in Kwanso Village, Jakiri Sub-Division, Bui Division, North West Region Cameroon in May 2017 with the sum of $345 (200 000FCFA) with 13 loans given out. Currently 56+ loans have been given out already to rural women/youths for small business and agricultural purposes in 3 Villages with more than 600+ women trained in Vocational & Small Business Management Skills, Modern agricultural techniques. CELBMD Africa through CAMMICS targets to provide 5000 micro credit loans to 5000 rural women/youths by 2025.
In Partnership with Value Health Africa we will improve the health of these target women/youths by reducing the burden of non communicable diseases, promoting sexual and reproductive health, organizing screening programs, awareness raising and sensitization campaigns, screening for early diagnoses and prevention