Le secteur endogène va-t-il disparaître ? Tontine, « usuriers » et Crédit rural de Guinée

Abstract

Agnès Lambert and Kefing Condé — Will the indigenous sector disappear ? Rotative savings, loan sharks and rural credit in Guinea. Contrary to the expected effects of liberalisation policies, financial markets are segmented between commercial banks, micro-finance and the indigenous sector. The analysis of practices, through the study of financial market structuring in Guniea Conakry, demonstrates a complex reality. The same agents, producers, traders or functionaries ultimately turn either to the micro-financial sector (the rural credit scheme) either to the rotative savings or to usurers for solutions to their multiple problems. All the while, the two sectors continue to feed and transform each other : the intermediary sector frees the borrower of the usurer while allowing him to nourish the indigenous sector.