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Financial distress and bankruptcy: Cameroon Micro-Financial Institutions (MFIs)

Journal of Insurance and Financial Management

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Title Financial distress and bankruptcy: Cameroon Micro-Financial Institutions (MFIs)
 
Creator Toh, Tasoh
Diom, Gilbert
Kang Enerstine, Mbi
 
Description In this paper we focused to analysis the causes of micro financial sector`s instability and frequent bankruptcy in Cameroon. After a valid theoretical review, we identified three core sector`s destabilizing factors (loan delinquency, competition and limited capital). The regression result noted tense competition as the most influential variable to the shaking state of MFIs. The studied loan delinquency issue also surfaced as a determinant to MFIs bankruptcy. Even though we noted no significant role of limited capital, we believed it has a great contribution, particularly when MFIs are attack by high default. We recommend to the government and regulatory authority to take a step of downsizing at heart. It may create welfare loss, but will help to restore consumers` confidence and make this sector an “oasis” of financial services for the poor Cameroonian again.
 
Publisher Journal of Insurance and Financial Management
 
Contributor —
 
Date 2016-06-19
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://journal-of-insurance-and-financial-management.com/index.php/JIFM/article/view/41
 
Source Journal of Insurance and Financial Management; Vol 1, No 5 (2016): Journal of Insurance and Financial Management
2371-2112
 
Language eng
 
Relation https://journal-of-insurance-and-financial-management.com/index.php/JIFM/article/view/41/pdf
 
Rights Copyright (c) 2016 Tasoh Toh
http://creativecommons.org/licenses/by/4.0