Economic Analysis of Fish Traders Access to Formal Finance in Cameroon

Mvodo Meyo Elise Stephanie (), Fogne Mafongang Eden Herna (), Ndam Lawrence Monah () and Joe Assoua Eyong ()
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Mvodo Meyo Elise Stephanie: Lecturer, Department of Agricultural Economics and Agribusiness, University of Buea, Cameroon
Fogne Mafongang Eden Herna: Graduate, Department of Agricultural Economics and Agribusiness, University of Buea, Cameroon
Ndam Lawrence Monah: Lecturer, Department of Agronomic and Applied Molecular Sciences, University of Buea, Cameroon
Joe Assoua Eyong: Instructor, Department of Agricultural Economics and Agribusiness, University of Buea, Cameroon

Review of Socio - Economic Perspectives, 2021, vol. 6, issue 1, 67-78

Abstract: One of the major constraints to fish trading is limited access to formal credit. The main goal of this research was to carry out an economic analysis of fish traders’ access to formal finance in Cameroon. This research makes use of primary data on total weekly income of traders, availability of surety, interest rate charged, loan payback period, experience, market information, and fish traders’ access to formal credit collected with the use of a questionnaire. The Logit model was used for analysis and the logistic regression done using STATA. Descriptive statistics and econometric estimation revealed that, educational level, total weekly income of traders, availability of surety, interest rate charged, loan payback period and experience are significant determinants of fish traders’ access to formal finance. This study therefore, recommends that government should intervene through the use of its specialized tools in creating agricultural banks with low interest rate and adequate loan payback period so as to improve financing of agricultural activities.

Keywords: Finance; Fish traders; logit regression; Cameroon (search for similar items in EconPapers)
JEL-codes: F16 G24 G28 G32 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:aly:journl:202183

DOI: 10.19275/RSEP109

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