Microfinance and Public Local Infrastructure Development in Local Councils in Cameroon: The Social Innovation Prospective Approach

Serge Messomo Elle

doi:doi:10.11648/j.ijber.20200904.21

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Microfinance and Public Local Infrastructure Development in Local Councils in Cameroon: The Social Innovation Prospective Approach

Serge Messomo Elle

Published in International Journal of Business and Economics Research (Volume 9, Issue 4)

Received: 4 May 2020 Accepted: 22 June 2020 Published: 22 July 2020

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Abstract

Local development is an alternative to central government at the local level. Unlike the case with the central government, local development is directed towards local territories usually with the goal of developing their local resources one of which is local infrastructure. This infrastructure is usually financed by public and private sector capitals. The main objective of this study was therefore to prospect the contributions of microfinance social innovations to public local infrastructure development in local councils in the South, Far North, South West, and North West regions of Cameroon. Government’s periodicals and literature on microfinance were used for data collection. The data were analyzed according to contributions, determinants, and challenges of microfinance social innovations in the context of public local infrastructure development in local councils in the regions studied. The findings revealed that the North West and South West regions which retain a higher number of Microfinance Institutions are amenable to more microfinance social innovations which are likely to increase public local infrastructure development in their local councils. This is not the case for the South and Far North regions. Meanwhile, the core challenge faced by municipal authorities in creating public local infrastructure is the lack of mastery and non-respect of both non-financial and financial regulations. We suggest based on the findings above that local councils studied should increase stakeholders’ cooperation and participation in public local infrastructure development in their localities, if they hope to boost public local infrastructure development in their municipalities.

Published in	International Journal of Business and Economics Research (Volume 9, Issue 4) This article belongs to the Special Issue Microfinance and Local Development
DOI	10.11648/j.ijber.20200904.21
Page(s)	241-253
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), 2020. Published by Science Publishing Group

Keywords

Challenges, Cameroon Microfinance Social Innovations, Public Local Infrastructure Development, Partnerships, Participation, Local Councils, Stakeholders’ Cooperation

References

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APA Style

Serge Messomo Elle. (2020). Microfinance and Public Local Infrastructure Development in Local Councils in Cameroon: The Social Innovation Prospective Approach. International Journal of Business and Economics Research, 9(4), 241-253. https://doi.org/10.11648/j.ijber.20200904.21

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Serge Messomo Elle. Microfinance and Public Local Infrastructure Development in Local Councils in Cameroon: The Social Innovation Prospective Approach. Int. J. Bus. Econ. Res. 2020, 9(4), 241-253. doi: 10.11648/j.ijber.20200904.21

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AMA Style

Serge Messomo Elle. Microfinance and Public Local Infrastructure Development in Local Councils in Cameroon: The Social Innovation Prospective Approach. Int J Bus Econ Res. 2020;9(4):241-253. doi: 10.11648/j.ijber.20200904.21

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@article{10.11648/j.ijber.20200904.21,
  author = {Serge Messomo Elle},
  title = {Microfinance and Public Local Infrastructure Development in Local Councils in Cameroon: The Social Innovation Prospective Approach},
  journal = {International Journal of Business and Economics Research},
  volume = {9},
  number = {4},
  pages = {241-253},
  doi = {10.11648/j.ijber.20200904.21},
  url = {https://doi.org/10.11648/j.ijber.20200904.21},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20200904.21},
  abstract = {Local development is an alternative to central government at the local level. Unlike the case with the central government, local development is directed towards local territories usually with the goal of developing their local resources one of which is local infrastructure. This infrastructure is usually financed by public and private sector capitals. The main objective of this study was therefore to prospect the contributions of microfinance social innovations to public local infrastructure development in local councils in the South, Far North, South West, and North West regions of Cameroon. Government’s periodicals and literature on microfinance were used for data collection. The data were analyzed according to contributions, determinants, and challenges of microfinance social innovations in the context of public local infrastructure development in local councils in the regions studied. The findings revealed that the North West and South West regions which retain a higher number of Microfinance Institutions are amenable to more microfinance social innovations which are likely to increase public local infrastructure development in their local councils. This is not the case for the South and Far North regions. Meanwhile, the core challenge faced by municipal authorities in creating public local infrastructure is the lack of mastery and non-respect of both non-financial and financial regulations. We suggest based on the findings above that local councils studied should increase stakeholders’ cooperation and participation in public local infrastructure development in their localities, if they hope to boost public local infrastructure development in their municipalities.},
 year = {2020}
}

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TY  - JOUR
T1  - Microfinance and Public Local Infrastructure Development in Local Councils in Cameroon: The Social Innovation Prospective Approach
AU  - Serge Messomo Elle
Y1  - 2020/07/22
PY  - 2020
N1  - https://doi.org/10.11648/j.ijber.20200904.21
DO  - 10.11648/j.ijber.20200904.21
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 241
EP  - 253
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20200904.21
AB  - Local development is an alternative to central government at the local level. Unlike the case with the central government, local development is directed towards local territories usually with the goal of developing their local resources one of which is local infrastructure. This infrastructure is usually financed by public and private sector capitals. The main objective of this study was therefore to prospect the contributions of microfinance social innovations to public local infrastructure development in local councils in the South, Far North, South West, and North West regions of Cameroon. Government’s periodicals and literature on microfinance were used for data collection. The data were analyzed according to contributions, determinants, and challenges of microfinance social innovations in the context of public local infrastructure development in local councils in the regions studied. The findings revealed that the North West and South West regions which retain a higher number of Microfinance Institutions are amenable to more microfinance social innovations which are likely to increase public local infrastructure development in their local councils. This is not the case for the South and Far North regions. Meanwhile, the core challenge faced by municipal authorities in creating public local infrastructure is the lack of mastery and non-respect of both non-financial and financial regulations. We suggest based on the findings above that local councils studied should increase stakeholders’ cooperation and participation in public local infrastructure development in their localities, if they hope to boost public local infrastructure development in their municipalities.
VL  - 9
IS  - 4
ER  -

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Author Information

Serge Messomo Elle

Department of Banking and Finance, University of Buea, Buea, Cameroon

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Plain Text BibTeX RIS

APA Style

Serge Messomo Elle. (2020). Microfinance and Public Local Infrastructure Development in Local Councils in Cameroon: The Social Innovation Prospective Approach. International Journal of Business and Economics Research, 9(4), 241-253. https://doi.org/10.11648/j.ijber.20200904.21

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ACS Style

Serge Messomo Elle. Microfinance and Public Local Infrastructure Development in Local Councils in Cameroon: The Social Innovation Prospective Approach. Int. J. Bus. Econ. Res. 2020, 9(4), 241-253. doi: 10.11648/j.ijber.20200904.21

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AMA Style

Serge Messomo Elle. Microfinance and Public Local Infrastructure Development in Local Councils in Cameroon: The Social Innovation Prospective Approach. Int J Bus Econ Res. 2020;9(4):241-253. doi: 10.11648/j.ijber.20200904.21

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@article{10.11648/j.ijber.20200904.21,
  author = {Serge Messomo Elle},
  title = {Microfinance and Public Local Infrastructure Development in Local Councils in Cameroon: The Social Innovation Prospective Approach},
  journal = {International Journal of Business and Economics Research},
  volume = {9},
  number = {4},
  pages = {241-253},
  doi = {10.11648/j.ijber.20200904.21},
  url = {https://doi.org/10.11648/j.ijber.20200904.21},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijber.20200904.21},
  abstract = {Local development is an alternative to central government at the local level. Unlike the case with the central government, local development is directed towards local territories usually with the goal of developing their local resources one of which is local infrastructure. This infrastructure is usually financed by public and private sector capitals. The main objective of this study was therefore to prospect the contributions of microfinance social innovations to public local infrastructure development in local councils in the South, Far North, South West, and North West regions of Cameroon. Government’s periodicals and literature on microfinance were used for data collection. The data were analyzed according to contributions, determinants, and challenges of microfinance social innovations in the context of public local infrastructure development in local councils in the regions studied. The findings revealed that the North West and South West regions which retain a higher number of Microfinance Institutions are amenable to more microfinance social innovations which are likely to increase public local infrastructure development in their local councils. This is not the case for the South and Far North regions. Meanwhile, the core challenge faced by municipal authorities in creating public local infrastructure is the lack of mastery and non-respect of both non-financial and financial regulations. We suggest based on the findings above that local councils studied should increase stakeholders’ cooperation and participation in public local infrastructure development in their localities, if they hope to boost public local infrastructure development in their municipalities.},
 year = {2020}
}

Copy | Download

TY  - JOUR
T1  - Microfinance and Public Local Infrastructure Development in Local Councils in Cameroon: The Social Innovation Prospective Approach
AU  - Serge Messomo Elle
Y1  - 2020/07/22
PY  - 2020
N1  - https://doi.org/10.11648/j.ijber.20200904.21
DO  - 10.11648/j.ijber.20200904.21
T2  - International Journal of Business and Economics Research
JF  - International Journal of Business and Economics Research
JO  - International Journal of Business and Economics Research
SP  - 241
EP  - 253
PB  - Science Publishing Group
SN  - 2328-756X
UR  - https://doi.org/10.11648/j.ijber.20200904.21
AB  - Local development is an alternative to central government at the local level. Unlike the case with the central government, local development is directed towards local territories usually with the goal of developing their local resources one of which is local infrastructure. This infrastructure is usually financed by public and private sector capitals. The main objective of this study was therefore to prospect the contributions of microfinance social innovations to public local infrastructure development in local councils in the South, Far North, South West, and North West regions of Cameroon. Government’s periodicals and literature on microfinance were used for data collection. The data were analyzed according to contributions, determinants, and challenges of microfinance social innovations in the context of public local infrastructure development in local councils in the regions studied. The findings revealed that the North West and South West regions which retain a higher number of Microfinance Institutions are amenable to more microfinance social innovations which are likely to increase public local infrastructure development in their local councils. This is not the case for the South and Far North regions. Meanwhile, the core challenge faced by municipal authorities in creating public local infrastructure is the lack of mastery and non-respect of both non-financial and financial regulations. We suggest based on the findings above that local councils studied should increase stakeholders’ cooperation and participation in public local infrastructure development in their localities, if they hope to boost public local infrastructure development in their municipalities.
VL  - 9
IS  - 4
ER  -

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