The Effects of Financial Inclusion on Female Entrepreneurship in Cameroon: Product Innovation, Market Development and Product Renovation

Emmanuel Nghoshigo Yakum and Dr. Nkiendem Felix
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Emmanuel Nghoshigo Yakum: MSc Banking and Finance, HOD Banking and Finance; Faculty of Economics and Management Sciences University of Bamenda Cameroon
Dr. Nkiendem Felix: MSc Banking and Finance, HOD Banking and Finance; Faculty of Economics and Management Sciences University of Bamenda Cameroon

International Journal of Research and Innovation in Social Science, 2022, vol. 6, issue 4, 82-88

Abstract: This paper examines the effects of financial inclusion on female entrepreneurship in Cameroon. The research applied secondary data from Cameroon Enterprise survey 2016. The researcher employed descriptive statistics and binary logit model analysis to analyse the data. The results of our findings revealed that Usage and access to working capital from commercial banks have positive and significant effects on female entrepreneurship in Cameroon; however, working capitals from Microfinance Institutions as well as Non-bank financial institutions both have positive and insignificant effects. The Pseudo R-Square shows that financial inclusion indicators used account for 7.6% of variations in female entrepreneurship. Variations in female entrepreneurship in Cameroon can therefore be explained by financial inclusion. Thus Laws on property ownership should be revised to permit women have access to acquired landed property to increase their collateral and make them obtained high loans from Commercial bank rather than only microloans from Microfinance Institutions. Microfinance Institutions should reduce the interest rate in order to attract female entrepreneurs.

Date: 2022
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