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Full-Text Articles in Social and Behavioral Sciences
Formalizing Through Finances: A Case Study With Unics, Leah Kellenberger
Formalizing Through Finances: A Case Study With Unics, Leah Kellenberger
Independent Study Project (ISP) Collection
This paper seeks to analyze the microfinance industry in Yaoundé, Cameroon through the lens of the microfinance institution UNICS. The main question guiding this study deals with whether or not the UNICS is encouraging a shift to the formal sector through their work with business people. Other questions relating to repayment rates and subsequently economic development also remain pertinent to the information found. In total, it is found that UNICS seeks to encourage formal sector growth through their work with businesspeople in the informal. Repayment rates however do not determine success of any aspect of a customer’s business or encouragement …
Access To Capital In Dakar: An Analysis Of Microfinance, Michael Furlane
Access To Capital In Dakar: An Analysis Of Microfinance, Michael Furlane
Independent Study Project (ISP) Collection
This study analyzes the effectiveness of micro credit in a developing African country by evaluating the history of microfinance and then focusing on access to credit in modern day Dakar, Senegal. Microfinance, or small capital loans to business startups in budding nations, has been used as a tool in developmental economics for a several decades. Ideally it is an elegant solution to a problem that permeates developing countries around the world: the lack of available credit. This lack of credit stifles economic growth in every sector of an emerging economy. As part of this study I interviewed both credit firms …