CAMED SA microfinance for the Evangelical Church of Cameroon in turmoil – Cameroon – Cameroon

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For good reason, the financial institution belonging to the Evangelical Church of Cameroon would no longer have cash to satisfy its customers, according to several sources.

In question the opaque management of several officials and the embezzlement which left the coffers of the financial establishment empty underlines the sources close to the file.

Some officials incriminated and brought to justice have promised to reimburse the sums they have subtracted, indicates the same sources.

However, at CAMED, we refuse to talk about bankruptcy. Contacted by colleagues from a private television channel, the management of this establishment stressed that “microfinance is in the process of recapitalization”.


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