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The impact of microfinance institutions (MFIs) in the development of small and medium size businesses (SMEs) in Cameroon

Chiyah, Boma Ngehnevu and Forchu, Zachary Nembo, 2010. The impact of microfinance institutions (MFIs) in the development of small and medium size businesses (SMEs) in Cameroon : a case study of CamCCUL. Second cycle, A2E. Uppsala: SLU, Dept. of Economics

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Abstract

Microfinance is a term used by many in different domains to fight poverty. Poverty is a syndrome that is affecting the developing countries and especially in sub Saharan Africa. This thesis is focused on three specific objectives: The first of them is to investigate whether CamCCUL helps its members and/or customers in developing their small or medium size businesses. The second aim is to find out whether rural SMEs can secure micro-financing with ease and on reasonable terms. Lastly, to determine if there are underlying factors, such as size of operation, securable wealth, or gender of application, is a factor in getting a loan. In other to accomplish the task, we had to gather data from primary and secondary sources in the rural areas of Cameroon. The primary sources where from questionnaires and interviews. The population was drawn from two different groups; the members of CamCCUL and the credit unions constituting CamCCUL league. We made used of closed and open ended questions. The responses were analysed using percentage frequency tables. From the information that we have, it is realised that CamCCUL has a positive impact in the development of the members’ businesses. CamCCUL provide its members with financial and social intermediation services to help improve their businesses. Securing micro-financing by SMEs is determined by the stage or level of development in which the business is. Businesses that are viewed as growing had it easy to get a loan. But the main criteria used were the ability to pay back and to meet the set requirements to obtain a loan. The main requirement is fixed tangible assets such as land. We noticed that the poorest of the poor were not included in designing and implementing their policies. The entry requirements are difficult for the poorest to meet thus they do not enjoy the services of CamCCUL. We can say that the poorest are those who are not involve in any income generating activities.

Main title:The impact of microfinance institutions (MFIs) in the development of small and medium size businesses (SMEs) in Cameroon
Subtitle:a case study of CamCCUL
Authors:Chiyah, Boma Ngehnevu and Forchu, Zachary Nembo
Supervisor: Ferguson, Richard
Examiner: Nilsson, Jerker
Series:Thesis / SLU, Department of Economics
Volume/Sequential designation:601
Year of Publication:2010
Level and depth descriptor:Second cycle, A2E
Student's programme affiliation:NM005 Environmental Economics and Management - Master's Programme 120 HEC, NM002 Agricultural Economics and Management - Master's Programme 120 HEC
Department:(NL, NJ) > Dept. of Economics
Keywords:CamCCUL, microfinance, SME Development, Cameroon, rural areas
URN:NBN:urn:nbn:se:slu:epsilon-8-519
Permanent URL:
http://urn.kb.se/resolve?urn=urn:nbn:se:slu:epsilon-8-519
Subjects:Agriculture - General aspects
Rural population
Economics and management
Investment, finance and credit
Cooperatives
Language:English
Additional Information:Additional contact: chiyahboma@yahoo.com
Deposited On:19 Jul 2010 09:49
Metadata Last Modified:20 Apr 2012 14:14

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