PMUC Cameroon partners Crédit foncier

Crédit Foncier du Cameroun (CFC) and Pari Mutuel Urbain du Cameroon (PMUC) signed a memorandum of understanding to facilitate the employees of this company of bet on horse races, access to housing and land ownership on preferential terms.

According to sources, under the terms of the Protocol, PMUC agents carrying real estate projects will only have to meet the equivalent of 10% of the investments needed to have the support of the Crédit Foncier.

The Housing Bank will then grant them repayable loans for up to 300 months, with a 5 percent annual interest rate all taxes included (against 16% in conventional banks).

According to the DG of CFC, Jean Paul Missi, this convention with the PMUC brings to 18, the number of memoranda of understanding already signed with Cameroonian companies anxious to facilitate access to real estate agents.

Since the beginning of the year 2015, said Jean Paul Missi, CFC has already released 2 billion FCFA for the different beneficiaries of these partnerships.