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The George Washington University

Publication Date

Fall 2017

Program Name

Cameroon: Social Pluralism and Development


This paper seeks to analyze the microfinance industry in Yaoundé, Cameroon through the lens of the microfinance institution UNICS. The main question guiding this study deals with whether or not the UNICS is encouraging a shift to the formal sector through their work with business people. Other questions relating to repayment rates and subsequently economic development also remain pertinent to the information found. In total, it is found that UNICS seeks to encourage formal sector growth through their work with businesspeople in the informal. Repayment rates however do not determine success of any aspect of a customer’s business or encouragement from institutions. Overall, while microfinance does contribute to socioeconomic growth, it is found that microfinance has deviated from its original goal of helping the poor and with the poor being left behind, it is to sustain real economic development.


African Languages and Societies | African Studies | Economic Policy | Economics | Entrepreneurial and Small Business Operations


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