Record Details

What Matters in Enterprise's Access to Microcredit?

African Journal of Finance and Management

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Field Value
 
Title What Matters in Enterprise's Access to Microcredit?
 
Creator Umoh, Gabriel S.
 
Subject


 
Description This paper investigates factors, external and internal to enterprises, which affect their participation in credit market. Using data from 35 firms and 20 credit institutions collected through structured questionnaire, results reveal that more firms obtain loan from informal sources, and many do not apply for loan from formal institutions due to inadequate collateral, difficult processing procedures and high interest rate. Prohibit analysis indicates that income and educational level of firm owners and value of initial capital reduce the likelihood of firm's demand for credit. Credit institutions lending policies account for 81% (adjusted R² = 0.81) of the amount of loan advanced by institutions.
(Af. J. of Finance and Management: 2003 11(2): 121-132)
 
Publisher Institute of Finance Management, 1999
 
Contributor
 
Date 2003-02-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article

 
Format application/pdf
 
Identifier https://www.ajol.info/index.php/ajfm/article/view/24291
10.4314/ajfm.v11i2.24291
 
Source African Journal of Finance and Management; Vol 11, No 2 (2003); 121-132
0856-6372
 
Language eng
 
Relation https://www.ajol.info/index.php/ajfm/article/view/24291/20385
 
Coverage


 
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