Author: Roger Peltzer

Microfinance from small beginnings 25 years ago to a network of 120 cooperative banks with 120 million euros in total assets today. Justin Bomda, CEO of the MUFID cooperative banks, comments in an interview with “Weltsichten”. In particular, it also shows that the cooperative banks in Cameroon are financed from savings deposits and not through international foreign currency loans, which have to be repaid with interest. They can therefore offer their members moderate interest rates so that they do not run the risk of falling into a debt trap.

In Africa, cotton is mainly grown in regions that are particularly exposed to the consequences of climate change, that are among the poorest regions in their respective countries and that are now often exposed to a high degree of insecurity