Financing sustainable development of small and medium enterprises in cameroon

Small and medium sized enterprise despite their huge presence in all economies have been identified to have similar challenges with respect to their sustainable development. Access to finance, managerial skills and the absence of an entrepreneurial class have been a call for concern. Policy response has been financial and technical assistance as instruments with the employment generation as the main objective. This has been the case in Cameroon with 81% of enterprises falling in the micro category despite significant state support to promote the sector since 2005. An economic transformation that increasingly relies on domestic finance sources and innovative systems or mechanisms that are capable of combining entrepreneurship and financing can translate SME development into sustained and inclusive development is what nations without a strong private sector require. © 2016 The Author(s).