Economic Analysis of Fish Traders Access to Formal Finance in Cameroon

Mvodo Meyo Elise Stephanie1 , Fogne Mafongang Eden Herna2, Ndam Lawrence Monah3, Joe Assoua Eyong4

1Lecturer, Department of Agricultural Economics and Agribusiness, University of Buea, Cameroon

2Graduate, Department of Agricultural Economics and Agribusiness, University of Buea, Cameroon

3Lecturer, Department of Agronomic and Applied Molecular Sciences, University of Buea, Cameroon

4Instructor, Department of Agricultural Economics and Agribusiness, University of Buea, Cameroon

 Article History

Received: 24 October 2020            Revised: 10 March 2021        Accepted: 14 March 2021      Available Online: 25 March 2021

Keywords: Finance, Fish traders, logit regression, Cameroon

JEL classification: F16, G24, G28, G32

 Citation: Mvodo, S., Fogne, M., Ndam, L., Eyong, J. (2021). Economic Analysis of Fish Traders Access to Formal Finance in Cameroon, Review of Socio-Economic Perspectives, Vol 6(1), 67-78.


One of the major constraints to fish trading is limited access to formal credit. The main goal of this research was to carry out an economic analysis of fish traders’ access to formal finance in Cameroon. This research makes use of primary data on total weekly income of traders, availability of surety, interest rate charged, loan payback period, experience, market information, and fish traders’ access to formal credit collected with the use of a questionnaire. The Logit model was used for analysis and the logistic regression done using STATA. Descriptive statistics and econometric estimation revealed that, educational level, total weekly income of traders, availability of surety, interest rate charged, loan payback period and experience are significant determinants of fish traders’ access to formal finance. This study therefore, recommends that government should intervene through the use of its specialized tools in creating agricultural banks with low interest rate and adequate loan payback period so as to improve financing of agricultural activities.

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Article Type: Original Paper


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