The Microfinance Market of Cameroon - Analyzing Trends and Current Development

2012; RELX Group (Netherlands); Linguagem: Inglês

10.2139/ssrn.2007912

ISSN

1556-5068

Autores

Leonard Ajonakoh Fotabong,

Tópico(s)

FinTech, Crowdfunding, Digital Finance

Resumo

The microfinance market recorded double digit growth in 2011. The microfinance market of Cameroon registered an impressive double digit growth in 2011. Thanks to ongoing expansionary and aggressive market penetration measures adopted by major players, CAMCCUL, CCA and MC2, growing customers and members confidence in the 1st Trust and CCA brand and swift response made by major stakeholders following the collapse of COFINEST to regain customers and members confidence. Major players such as MC2, launched more than eight new units that fully went operational, while CAMCCUL registered more than 10 new units.

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