The turning point :economic crisis and gender solutions by Cameroonian women

The* Njangui/Tontine * solution

Tontine is an informal capitalism grows in CAMEROON. For years development economists saw African tontines as archaic tribal institutions that would die out with the rise of modern economic based on European –style banking system. But now they are see tontine as highly efficient method of promoting grass-roots effort in capitalism, .
Tontine exist in much of sub –Saharan Africa, from Burkina Faso to Ghana, and Rwanda. But Cameroon enterprising tribe men and women where I m from have popularized interest bearing tontine to such an extend that bankers complain that tontine contribute to the current crisis in banking liquidity.
With uncounted millions of dollars flowing, through this alternative finance system Cameroonians women use tontine credit for projects.
In the original form, tontine allowed peasants to pool their labour rather than their money. With the introduction of the money in the 20th century ,tontine took on a financial character as informal savings associations
The most recent innovation is the interest –bearing tontine. that is how Cameroonian women have as a TURNING POINT FOR WOMEN regarding economic crisis

Pauline Ngouanfouo from Cameroon GBHS LADIES ASSOCIATION Bamenda