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Special Graduate Schools
Graduate School of International Studies
Department of International Business
International Business
3. Theses(Master)
Microfinance Institution and its Impact on Poverty Reduction in Cameroon: A Case Study on Two Selected Institutions.
- Author(s)
- Tebah, Claude
- Advisor
- Young Kyun Song
- Department
- 국제대학원 국제경영학과
- Publisher
- Graduate School of International Studies Ajou University
- Publication Year
- 2016-08
- Language
- eng
- Keyword
- Microfinance; Poverty Reduction
- Alternative Abstract
- One of the most challenges facing the Cameroon government is the issue of poverty reduction. The poverty rate in the country is still high and the government has a vision of making Cameroon an emerging country by the year 2035. In the quest for a solution to the country's development challenges and the poverty issue, microfinance is seen as a good option to be considered since they can offer credit facilities to the poor at low interest rates compared to conventional banks, thus breaking the credit barrier faced by the poor. This case study was designed to assess the impact of microfinance on poverty reduction. A purposive sample of one hundred (100) microfinance clients were selected but eighty-two (82) were valid, and four (4) staffs from the MFIs under this study were interviewed on an interviewer assisted questionnaire. The clients targeted for the research are those who have taken micro loans so that a comparison of their poverty level before and after using the micro loan can be made and hence we can know whether there is any reduction in poverty after using micro loan or not. Results of the study revealed that microfinance led to an increase in income, which enabled the poor to be able to send their children to school, feed their families, save more thus improving their standard of living and reducing poverty. Also, most women felt empowered economically, politically but not socially as they were not able to participate in decision making in the community where men are involve. MFIs turn to ignore the poorest of the poor who are most affected by poverty because they are consider as high risk, thus in order for microfinance to be an effective tool in poverty reduction, factors like good infrastructure, well functioning markets, and government intervention is highly recommended.
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