The North-West is the region having benefited from the largest number of approved microfinance establishments as of December 31, 2021. This is revealed by the list published on June 2, 2022 by the Minfi. There are 35 first category microfinances (08.7%), 75 second category microfinances (18.65%), 02 third category microfinances (0.49%) and 290 network microfinances, i.e. 72.13% of the 402 approved microfinance establishments. in total.
These companies are spread over the 10 regions. Only the East has kept intact its three microfinances as in 2020, while in the 9 other regions, approval has been withdrawn from several companies. The number of microfinances authorized has been revised downwards, unlike in 2020 when there were 415. This makes a difference of 13 microfinances, or approximately a rate of 3.23%.
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Decreasingly, the North-West is ranked first with 101 microfinances alone, that is, 03 first category, 05 second category and 71 network microfinances for a percentage of 25.12%. The West comes in 2nd position with a total of 79 microfinances (03 of 1st category, 05 of 2nd category and 71 of network) for 19.65%. The Center is not left out; it has 69 microfinance establishments (16 first-class, 28 second-class and 25 network); which makes a percentage of 16.16%. For its part, the Littoral region, which is home to the economic capital of the country, is doing well with 60 microfinance establishments (06 of the first category, 27 of the 2nd cat. 01 of the 3rd cat. And 26 of the network) which is worth a percentage of 14.92%. Although a victim of the security crisis like the North-West since 2016, the South-West totaled 56 microfinances as of December 31, 2021 (02 first category, 2nd cat. And 48 MF of network) against 13.93% of the 402. The five last rows are respectively occupied by Adamaoua, the Far North, the North, the South and the East, each totaling 10; 10; 08; 06 and 03 approved microfinances for a percentage of 2.48%; 2.48%, 1.99%; 1.49 and 0.74%.
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For the moment, no information filters on the reasons for withdrawal of approvals from these economic structures because neither the Central African Banking Commission (COBAC) let alone the ministry headed by Louis Paul Motaze, have spoken. However, it is since 2017 that Cobac has been sounding the alarm on the non-compliance with prudential standards by banks in the CEMAC zone: “in practice, we observe that several credit institutions tend to lose sight of compliance with the prudential rules enacted by Cobac and consequently, to overexpose oneself hoping to satisfy profitability objectives”, explained Abbas Mahamat Tolli during a session of the banking commission held in September 2017 in N’djamena in Chad. .
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This leads one to believe that the microfinance institutions whose licenses are withdrawn are aware of their shortcomings and even of their duties towards the public authorities. Moreover, since the publication of the list, controversies have not yet been heard on this subject. It should be noted in general that the North West region has so far presented itself as the best student. It is experiencing an evolution in terms of the number of approved MFs. Starting from 89 in 2019, 98 in the following year, it is today in first place with 101. In the same basket, the South-West, the West or the Center, keep good proportions over the years. year.
As of December 31, 2019, Cameroon had 418 approved microfinance establishments, including 88.04% in the first category (123 independent and 245 in a network), 11.24% in the second category (47 establishments) and 0.72% in the third category. . The number of approved microfinances fell by 16 between 2019 and 2021. In the meantime, some of them are sanctioned and others are entering the market.