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Article Open Access January 29, 2022

COVID-19 and the Non-Repayment of Agricultural Loans in West Cameroon: A major Challenge for the Small Farmer in an Individual Loan Situation

Yannick Tamo Fogue 1,* and Ibrahim Manu 2
1
Developmental Psychologist, Rural Development Researcher, University of Yaoundé 1, Cameroon
2
Rural Sociologist, Rural Development Researcher, University of Dschang, Cameroon
Publihed in: Current Research in Public Health (Volume 2, Issue 1, 2022)
Page(s): 1-13
DOI: 10.31586/ojar.2022.181
Received
October 28, 2021
Revised
November 19, 2021
Accepted
January 28, 2021
Published
January 29, 2022
Keywords
Agro-sylvo-pastoral producer; MC2; Credit/recovery; Individual loan; COVID-19
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright: Copyright © The Author(s), 2022. Published by Scientific Publications
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Cite This Article

APA Style
Fogue, Y. T. , & Manu, I. (2022). COVID-19 and the Non-Repayment of Agricultural Loans in West Cameroon: A major Challenge for the Small Farmer in an Individual Loan Situation. Current Research in Public Health, 2(1), 1-13. https://doi.org/10.31586/ojar.2022.181
ACS Style
Fogue, Y. T. ; Manu, I. COVID-19 and the Non-Repayment of Agricultural Loans in West Cameroon: A major Challenge for the Small Farmer in an Individual Loan Situation. Current Research in Public Health 2022 2(1), 1-13. https://doi.org/10.31586/ojar.2022.181
Chicago/Turabian Style
Fogue, Yannick Tamo, and Ibrahim Manu. 2022. "COVID-19 and the Non-Repayment of Agricultural Loans in West Cameroon: A major Challenge for the Small Farmer in an Individual Loan Situation". Current Research in Public Health 2, no. 1: 1-13. https://doi.org/10.31586/ojar.2022.181
AMA Style
Fogue YT, Manu I. COVID-19 and the Non-Repayment of Agricultural Loans in West Cameroon: A major Challenge for the Small Farmer in an Individual Loan Situation. Current Research in Public Health. 2022; 2(1):1-13. https://doi.org/10.31586/ojar.2022.181 
@Article{crph181,
AUTHOR = {Fogue, Yannick Tamo and Manu, Ibrahim},
TITLE = {COVID-19 and the Non-Repayment of Agricultural Loans in West Cameroon: A major Challenge for the Small Farmer in an Individual Loan Situation},
JOURNAL = {Current Research in Public Health},
VOLUME = {2},
YEAR = {2022},
NUMBER = {1},
PAGES = {1-13},
URL = {/2769-887410.31586/ojar-2-1-110.31586/ojar/2/1/1},
ISSN = {2831-5162},
DOI = {10.31586/ojar.2022.181},
ABSTRACT = {This study raises the problem of the non-repayment of agricultural credits by producers who are members of the Community Growth Mutual (MC2), in this period of COVID-19. It questions the economic mores in force in most member countries of the Organization for the Harmonization of Business Law in Africa (OHADA), where credit has become difficult for small rural farmers; And refers to the theory of the vicious circle of poverty, which advocates an indispensable recourse to foreign capital in the event of financial breakdown, as a means of increasing capital. Since the capital of rural producers remains insufficient and their possibility of reinvestment decreases, then becomes zero because of agricultural credit. To understand the factors of the non-repayment of these credits, data were collected from 100 agro-sylvo-pastoral producers of the Bayangam group (West-Cameroon) of both sexes, aged at least 18 years, having obtained an unpaid credit from the MC2 since 2019, and a manager of this microfinance institution. After analysis, it appears that beyond overproduction and anti-COVID-19 measures that lead to the missale or fall in prices on the market, the conditions of access to credit, the non-possession of acceptable guarantees, the misuse of the object of credit and the practice of financial cavalry by the borrower, as well as the rigidity of the procedures for prosecuting debtors significantly explain this non-repayment. It is associated with determinants such as age, level of education, marital status, type of agricultural activity of the debtor. Hence the need for flexibility of microfinance institutions vis-à-vis rural agro-sylvo-pastoral producers, who are severely affected by the economic shock of the COVID-19.},
}
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%A Fogue, Yannick Tamo
%A Manu, Ibrahim
%D 2022
%J Current Research in Public Health

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%M doi:10.31586/ojar.2022.181
%U /2769-887410.31586/ojar-2-1-110.31586/ojar/2/1/1

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T2  - Current Research in Public Health
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AB  - This study raises the problem of the non-repayment of agricultural credits by producers who are members of the Community Growth Mutual (MC2), in this period of COVID-19. It questions the economic mores in force in most member countries of the Organization for the Harmonization of Business Law in Africa (OHADA), where credit has become difficult for small rural farmers; And refers to the theory of the vicious circle of poverty, which advocates an indispensable recourse to foreign capital in the event of financial breakdown, as a means of increasing capital. Since the capital of rural producers remains insufficient and their possibility of reinvestment decreases, then becomes zero because of agricultural credit. To understand the factors of the non-repayment of these credits, data were collected from 100 agro-sylvo-pastoral producers of the Bayangam group (West-Cameroon) of both sexes, aged at least 18 years, having obtained an unpaid credit from the MC2 since 2019, and a manager of this microfinance institution. After analysis, it appears that beyond overproduction and anti-COVID-19 measures that lead to the missale or fall in prices on the market, the conditions of access to credit, the non-possession of acceptable guarantees, the misuse of the object of credit and the practice of financial cavalry by the borrower, as well as the rigidity of the procedures for prosecuting debtors significantly explain this non-repayment. It is associated with determinants such as age, level of education, marital status, type of agricultural activity of the debtor. Hence the need for flexibility of microfinance institutions vis-à-vis rural agro-sylvo-pastoral producers, who are severely affected by the economic shock of the COVID-19.
DO  - COVID-19 and the Non-Repayment of Agricultural Loans in West Cameroon: A major Challenge for the Small Farmer in an Individual Loan Situation
TI  - 10.31586/ojar.2022.181
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