authored by Fr Eric Akongnie Cameroon · opened 5w ago · open to anyone in the city
Financial Exclusion in the Kumba Ecosystem
Many low-income households in the Kumba ecosystem live at the intersection of livelihood insecurity, limited financial access, and unrealised economic potential. Their livelihoods often depend on petty trade, small-scale agriculture, and other informal activities, yet commercial banks remain largely inaccessible because these households lack income, formal credit histories, and collateral. When school fees, healthcare costs, business needs, or unexpected emergencies arise, families often run to informal moneylenders because they offer quick and accessible cash. However, the high interest rates charged can deepen indebtedness and reduce the very income households need to rebuild their livelihoods.
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