Consumer Credit (Daily Purchases) in Cameroon

The formal Cameroon lending system is made up of 15 commercial banks, 8 financial institutions, and 412 microfinance institutions (“formal sector”) [1]. Credit for consumer goods is the primary type of loan for banks and microfinance institutions in Cameroon. In fact, almost 90% of the total loans given by banks and microfinance institutions in Cameroon are for ….

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