COSDEF Mobile Micro-finance (Village Bank) is an innovative rural investment micro finance institution (FinTech Social Enterprise) using mobile technology to increase financial inclusiveness in rural areas among rural and semi-urban women and youths who are considered “unbanked” by formal financial institutions we are therefore transforming lives in rural areas “villages” by delivering access to financial services by leveraging on the mobile technology.
We make access to loans easy for business funding and investment opportunities
Help develop profitable ventures and create wealth for partners
Empowering members with businesss management skills for self sustainability
We provide significant contribution to social and economic development.
We believe an inclusive financial system like COSDEF Mobile Micro-finance among others, facilitates efficient allocation of productive resources and can potentially reduce the cost of capital, will improve the day-to-day management of finances in rural communities.
Through COSDEF Mobile Micro-finance, we also reduces some risks in money laundering activities by bringing the much unregulated/underground economy into the regulated sector, thereby achieving financial stability and integrity.
To address poverty in the grassroots which will lead to economic community transformation, economic independence and economic resilience by providing standard access to microfinance services in rural and semi urban areas in Cameroon
To realize our vision, as we believe that microfinance has proven to be an effective approach for poverty elevation. Therefore, our mission is to contribute to rural economic growth by providing fair loans to rural and semi urban women/youths that do not have access to conventional financing.
COSDEF Mobile Micro-finance was launched in Kwanso Village, Jakiri Sub-Division, Bui Division, North West Region Cameroon with the sum of 70,000FCFA (Averagely $127) with 11 loans given out. Currently over 120+ loans have been given out already to rural women/youths for small business and agricultural purposes in 4 Villages with more than 700+ women trained in Vocational & Small Business Management Skills, Modern agricultural techniques, health education & proper parenting empowerment. COSDEF Mobile Micro-finance targets to provide 5000 micro credit loans to 5000 rural women/youths by 2025 and our big dream is to build the McDonald’s of micro-finance in Central Africa Region
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
COSDEF Group is an African holding social enterprise with 4 subsidiaries namely The Center for Entrepreneurship, Leadership & Business Management Development (CELBMD) Africa – The Pan African Professional Skills Development Center, Wikajobs Career Management Firm, COSDEF Mobile Microfinance, and SkillStudy. We are committed to designing & redefining solutions that last to solve Africa’s problems like poverty in rural areas, unemployment, skills deficiency, community under-development to transform lives, communities & nations.
00237 Mile 17 Buea, South West Region, Cameroon
+237 674 949 153