Credit for the Common Man in Cameroon

Bibliographic Data

ID4251885
AuthorsMark W Delancey (University of Nigeria, corresponding author)
Year1977
Volume15
Issue2
Pages316-322
Publication date1977-06-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Journal of Modern African Studies (JOURNAL)
Journal identifiersISSN: 0022-278X • E-ISSN: 1469-7777
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0022278x00053970
OpenAlexW2087298144
LanguageEN
Citations received13
References cited2

Complaints are frequently heard that the African farmer, the small trader, the everyday person has no means of getting the funds needed to improve his farm, to expand his trade, or to pay his child's school fees. It is often alleged that the low-literacy peasants and workers in a partially-monetised economy have no desire to save, even if there was any surplus money, and that in any case there are no institutions in which to accumulate or to redistribute their savings. It is argued that the banks fail to meet their needs because it is so difficult to obtain loans, while the private money-lenders, often operating illegally, almost always charge exorbitant rates of interest that discourage all but the most desperate of borrowers

Business · Economics · Financial literacy · Market economy · Monetary economics · African history and culture studies · Finance

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