Journal of Business, Management & Accounts Studies
ISSN: 2581-7973
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RELEVANCE OF MICRO FINANCIAL INSTITUTION CREDIT IN TOMATO PRODUCTION AND LIVELIHOOD IN SANTA, CAMEROON
Author :
Mbu Daniel Tambi
Corresponding Author:
Mbu Daniel Tambi
Email
tambi2015@yahoo.co.uk
Section :
Research Paper
Country :
Cameroon
Keywords :
Relevance, Micro Financial Institution, Credit, Tomato Production, Santa
Abstract :
The aim of this study is to analyze the relevance of Micro Financial Institution Credit in tomato production in Santa, Cameroon. Primary data was collected using purposive and random sampling techniques and results computed using ordinary least squared. The result indicates that Micro Financial Institution Credit is strongly associated to the production of tomatoes in Santa, Cameroon. The prevalence of pest and disease, inadequate adoption of the use of farm credit from MFIs and lack of agricultural training are the major challenges of Tomatoes producers. Tomatoes production is observed to be a profitable business and so a major contributor to livelihood in Santa. We recommend that policy makers should develop new strategies towards the management of tomatoes farms in terms of new variety of seeds, pest control and the acquisition of credit from financial institutions.
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