From an IDP to a Thriving Small Business Owner

Being a victim of any crisis, gets to leave you enveloped in stress, fear of the unknown and very uncertain about the present, not to talk of the future. One, among the thousands of victims of the ongoing Anglophone crisis in Cameroon, explains how she found hope.

Mama Sega Florence Is a “buyam sellam ” into Foodstuff in the Mabanda market of Douala, the economic capital of Cameroon.

Escaping from the “Anglophone Crisis” she had to take refuge in Douala. This business has been the primary source of livelihood for her family, though it was at a very low scale. 

COSDEF Group Client (Small Business Owner)

According to mama:” as a victim of the present Anglophone crisis, my family and I were in a constant state of fear and insecurity, which badly affected us because we were not allowed to go out of our house for days and sometimes, weeks because of ghost town. As a farmer, whose livelihood and survival depended on the food I plant for eating, this meant, no farming, and by default, no eating. We would go for days without eating a proper meal. But when we saw an opportunity to leave for Douala, we grabbed it with both hands, leaving all we owned behind. Starting all over in a new town is never an easy task. I had to struggle to make ends meet, and in my struggle, was when I encountered COSDEF Group LTD and I heard about the work they do with owners of small businesses. 

Mama Sega further explained in her own words that:” COSDEF Group LTD helped me to access business loans at intervals, the first being 50.000frs, the second, 80.00frs and the third, 300.000frs. These loans were used to add capital to my business, which expanded it greatly. Thanks to those loans, I was also able to send my children to school as well, because of the rapid turnover in my business.”

She strongly advised:” for those who are in need of an institution that provides business technical training and facilitate access to business financing COSDEF Group LTD is where I would want them to go.”

Like Mama Sega, COSDEF Group LTD has provided business technical support and helped 500+ SMEs in Cameroon to gain access to financing to scale up their capital, acquire equipment and stock. 

COSDEF Group LTD, powering business dreams. 

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