The Determinants of the Sustainability of Microfinance Institutions Through the Control Systems: Case of Cameroon in Context Covid19

The end of decade 1990 is marked by the proliferation of microfinance institutions that constitute powerful instruments for fight against poverty and the reduction of unemployment. In the meanwhile, considering the ephemeral character of some of those institutions, the object of this study is to understand the elements that are at the basis of the life expectancy of microfinance institutions in Cameroun in covid 19 context. The literature shows that variables such as a system of internal control and financial objectives influence the longevity of microfinance institutions. The test of chisquare on 35 institutions of microfinance observed within the period of 2004-2020 in Cameroun enable to establish connexions among variables. The results obtained show that the survival of microfinance institutions in Cameroun depends on internal control systems the board of directors, the separation of functions of president and that of general manager, the frequency of meeting of the board of directors, the effective presence participation of the members of the board of directors to the meetings and the joint decision making by the boards of directors and the general management.