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CREDIT UNIONS AS CONDUITS FOR MICROFINANCE DELIVERY IN CAMEROON
Author(s) -
OJONG Nathanael
Publication year - 2014
Publication title -
annals of public and cooperative economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.526
H-Index - 37
eISSN - 1467-8292
pISSN - 1370-4788
DOI - 10.1111/apce.12041
Subject(s) - microfinance , remittance , variety (cybernetics) , financial inclusion , business , financial services , financial system , finance , inclusion (mineral) , economic growth , economics , gender studies , artificial intelligence , sociology , computer science
While financial inclusion is the buzzword now, especially in development finance studies, research on the role of credit unions in the financial inclusion debate in the global South is sparse. This study helps to fill this gap by analyzing the role credit unions play in the delivery of financial services to the ‘unbankables’. We analyze the strategies used by credit unions to reach the unbankables. We show how credit unions have been able to attract new members and offer a variety of financial services through linkages with informal savings and credit clubs, and by using domestic remittance services to build relationships.