Microfinance and reducing poverty in Central Africa

In spite of an abundance of natural resources, including oil and minerals, poverty is increasing in Central Africa. About 40% of the people in Cameroon live below the poverty threshold, 55% in Chad, 50% in Congo and 43% in Gabon. A considerable amount of research has attempted to generate insight into the factors that enhance economic growth and poverty reduction in the region. But, little attention has been paid to the role of microfinance institutions in the region, where the poor rely on microfinance for access to a livelihood, and micro-insurance to buffer risk. This grant will allow research centres in the four aforementioned countries to evaluate the contribution of microfinance institutions to economic growth and poverty reduction.

Project ID

104026

Project status

Closed

Start Date

Tuesday, February 6, 2007

End Date

Thursday, January 13, 2011

Duration

24 months

IDRC Officer

Ayuk, Elias

Total funding

CA$ 526,650

Countries

North of Sahara, South of Sahara, Cameroon, Chad, Gabon

Program

Employment and Growth

Project Leader

M. Jean-Christophe BOUNGOU BAZIKA

Institution

Centre d'étude et de recherche sur les analyses et les politiques économiques

Institution Country

Republic of Congo

Project Leader

TABO SYMPHORIEN NDANG

Institution

Université de N'Djaména

Institution Country

Chad

Project Leader

Dr NDO NDONG Jean-Sylvain

Institution

Université Omar BONGO

Institution Country

Gabon

Project Leader

M. Henri TABI NGOA

Institution

University of Yaoundé II

Institution Country

Cameroon