Domestic saving mobilisation and small business creation: The case of Cameroon
South African Journal of Economic and Management Sciences
| Field | Value | |
| Title | Domestic saving mobilisation and small business creation: The case of Cameroon | |
| Creator | Forje, LC | |
| Description | Promoting savings and providing a basis for lending to the poor is a growing concern in many developing countries. Cameroon has a culture of savings mobilisation known as njangi/tontine. The njangi is contributions given to members in a rotating form at the end of every sitting, and tontine is voluntary savings held by the group. This study reveals that njangi/tontine groups only lend money to group members and suggests that a micro village bank known as MC2 could be used as guarantor to ensure that group monies lent to non-group members are repaid. Encouragement and improvement in the function of such voluntary savings could promote the creation of small businesses in the country. The Cameroonian government needs to improve fighting corruption and a functional justice system to ensure security. | |
| Publisher | AOSIS Publishing | |
| Date | 2014-07-11 | |
| Identifier | 10.4102/sajems.v9i1.1156 | |
| Source | South African Journal of Economic and Management Sciences; Vol 9, No 1 (2006); 41-56 2222-3436 1015-8812 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajems.org/index.php/sajems/article/view/1156/400
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