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Microeconomic Factors of the SME Financing Gap in Cameroon
[Facteurs Microéconomiques du Déficit de Financement des PME au Cameroun]

Author

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  • Christian Lambert Nguena

    (FSEG - Faculty of Economics and Management - University of Dschang, DYE - Dynamic Young Economists - University of Dschang)

  • Roger Tsafack-Nanfosso

Abstract

The aim of this study is to carry out an econometric assessment of the microeconomic factors responsible for the external financing problem of SMEs in Cameroon. Using a multinomial logit model, the variable "Main source of financing" was estimated based on survey data from financing stakeholders covering a sample of 413 SMEs in Cameroon. The results show that the external financing deficit is explained by the absence of accounting information, the legal status Limited Liability Company (SARL) and Limited Company (SA), belonging to the industrial sector, the low number of employees , high interest rate and long-term credit requests. These last two causes are reinforced by the very last financial crisis. These results lead us to question the various actors on the decisions to be taken according to their level of responsibility in these elements of obstacles to the financing of SMEs.

Suggested Citation

  • Christian Lambert Nguena & Roger Tsafack-Nanfosso, 2014. "Microeconomic Factors of the SME Financing Gap in Cameroon [Facteurs Microéconomiques du Déficit de Financement des PME au Cameroun]," Post-Print hal-04228954, HAL.
    • Handle: RePEc:hal:journl:hal-04228954
    DOI: 10.1111/1467-8268.12098
    as

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