The Role of Rural Finance for Food Security of the Poor in Cameroon

The Author: Gertud Schrieder conducts research and holds lectures in development policy and economics focusing on rural finance and food security at the University of Hohenheim, Germany. She was awarded a Ph.D. in agricultural economics from the University of Hohenheim, where she graduated in 1994. Her graduate studies at The Ohio State University were funded by a Fullbright grant. She is also a consultant for international develpment agencies.

This volume has two general objectives. First, to identify and quantify the impact of rural financial markets on poor rural households' income and food security. Second, it attempts to give empirically controlled insight into the characteristics and requirements of innovative financial institutions and services that are particularly geared towards the rural poor's demands. Cameroon was chosen for this detailed micro-economic study because food insecurity and malnutrition are widespread in several regions and innovative rural financial institutions and programs can be studied in Cameroon. The results are that availability of savings facilities and access to credit increases income and calorie consumption. The positive income and food consumption effect is shown to be due to increased agricultural output and productivity. Also, complementary services and particularly education play a decisive role in fostering food security.

Contents: The work analyses the relationship between food security and access to financial services, particularly credit, in rural Cameroon. It also empirically assesses the demand for financial services at the rural household level using a consumer research method known as Conjoint Analysis.