Microfinance: a Risk of More Exclusion Than Inclusion!
Chouaibou Njankouo, Business Consultant, Cameroon
Refer to Cameroon microfinance experience, if some dispositions aren't taken, this issue can deserve than serve:
- A good structural/functional study of where you find the majority of microfinance clients
must be made: basic socio-cultural values, nature and Hierarchy of Needs
, mainly, for a good program adaptadion and training for the targeted poor people, likely to be poor certainly in other issues;
- An effective regulation role of the state through the monetary authority, among others
: suitable assessment of investors profiles link to education and ethic values, proper micro projects analysis, permanent management control to keep the opening/closing of microfinance institutions at the normal rates, cohabitation microfinance-formal financial/banking services follow up in order to avoid any imbalance likely to affect the general economic situation.
Otherwise, we'll face the reverse of the microfinance aim: more exclusion instead of inclusion in the financial/banking system.