EconPapers    
Economics at your fingertips  
 

La pratique du prêt avec remise de gage. Instrument de financement en milieu rural au Cameroun

Emmanuel Foko

Économie rurale, 1997, vol. 241

Abstract: There are many credit sources in the rural areas. Loans obtained are used for a wide range of activities. These loans practices involve various forms of guaranties, both physical and moral. Pledging assets as collaterals is a widely used form of physical guaranty existing found in the rural area. A study on this topic in Bafou (a Bamileke village of West Cameroon) has revealed that pledging assets loan collaterals is widely practiced. Land plots rank first, followed by coffee farms. Productive assets are preferred because during the loan period, creditors may use the productive capability as interest. In case of default, these collateral's are rarely sold, du to various social and economic constraints. So, when the loan can not be repaid, the creditor will simply withhold the asset until the complete settlement, either by repayment, or from income generated by the pledged asset. Interest payment on these loans are mostly implicit, but it plays a key role in contract negotiations. So far, the contribution of these practices to the financing of rural production has been rather poor.

Date: 1997
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/354380/files/e ... 7_num_241_1_4887.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:ersfer:354380

DOI: 10.22004/ag.econ.354380

Access Statistics for this article

More articles in Économie rurale from French Society of Rural Economics (SFER Société Française d'Economie Rurale) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().

 
Page updated 2025-05-17
Handle: RePEc:ags:ersfer:354380