Abstract
This study on the access to micro credits and maize production in Mezam Division, North West Region of Cameroon is aimed at determining the proportion of maize producers having access to credits and identifying the sources of micro credits exploited by maize producers. Using primary data collected from 300 maize producers, analyses were performed through descriptive statistics tools and the Logit model. The findings reveal that 6 8% of the respondents have access to credits and the informal sector agents serve as main sources of financing to farmers. The results equally revealed that from the logistic analyses, access to credits, farmers’ level of education and farm size among others positively and significantly contribute to maize production. Also, maize producers faced numerous challenges including low and fluctuating prices of maize and poor farm to market roads among others. It is therefore recommended that institutions in charge of providing farmers with financial, technical and commercial assistance should be established within the reach of farmers. That aside, more investments should be made in the construction and maintenance of rural road infrastructures.
Highlights
Cameroon, often referred to as “Africa in miniature” is one of the most diversified countries in Sub-Saharan Africa with respect to its agro-ecology
Going by the results presented in table 3, it is observed that a significant majority of the respondents (68%) had access to credits whereas only 32% had no access to credits for their farming activities and depend solely on household generated income to invest as capital in agricultural production
The result of this study enables us to confirm the assertion made by; the study [22] which held that access to finance appears to be a significant constraint to agricultural production in developing countries in general and in Cameroon in particular; the study [33] which stated that the lack of capital in rural areas is one of the major factors which undermine the development of agriculture and; that credit has remained a limiting factor to the improvement of agricultural production in Cameroon [4]
Summary
Often referred to as “Africa in miniature” is one of the most diversified countries in Sub-Saharan Africa with respect to its agro-ecology Thanks to such an environment, major crops peculiar to most African countries such as rice, wheat, barley, maize, cassava, potatoes, plantains/bananas, yams and cocoa and coffee are produced in Cameroon [5]. The Government, faced with financial crisis, took steps to boost the production of commodities such as maize, rice, cassava, potatoes, oil palm and plantain. For food crops, these measures aimed at improving the commercialization of products through the construction of warehouses for conservation. Cultivation practices continue to be characterized by the use of basic tools, small farm size, Boris Dinictri Soh Wenda et al.: Assessing the Contribution of Micro Credit Financing to
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