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- Banco Mundial
- World Bank
- World Bank, Washington, DC
- Washington, DC
- Consultative Group to Assist the Poor/The World Bank, Washington, DC
- Oxford University Press on behalf of the World Bank
- International Finance Corporation, Washington, DC
- Taylor and Francis
- Universidad Icesi; Facultad de Ingeniería
- Mais Publicadores...
‣ Increasing Access to Credit through Reforming Secured Transactions in the MENA Region
Fonte: Banco Mundial
Publicador: Banco Mundial
Português
Relevância na Pesquisa
98.268%
#ACCESS TO CREDIT#ACCOUNT RECEIVABLES#ACCOUNTS RECEIVABLE#ARBITRATION#ASSET VALUE#AUCTIONS#BAILIFFS#BANK ACCOUNT#BANK ACCOUNTS#BANK DEBT#BANK FINANCING
This paper provides a comparative
summary of secured transactions systems related to the use
of movable property as collateral in the MENA region vis a
vis international practices in countries with modern secured
transactions systems. The paper sets out the importance of
introducing reforms in the area of secured transactions with
the objective of increasing access to credit for businesses,
particularly SMEs. The MENA region clearly lags behind all
other regions in the introduction of secured transactions
reforms. The paper summarizes many of the weaknesses common
across the region. The two main critical areas that need
urgent reforms are the creation of modern secured
transactions laws and electronic movable collateral
registries, and the need to improve enforcement mechanisms
for security interests in movable property.
Link permanente para citações:
‣ Foreign Direct Investment, Access to Finance, and Innovation Activity in Chinese Enterprises
Fonte: World Bank
Publicador: World Bank
Tipo: Artigo de Revista Científica
Português
Relevância na Pesquisa
88.16728%
#access to credit#access to finance#bank#bank loans#capital#credit#credit opportunities#economic reforms#enterprises#foreign direct investment
A recent, comprehensive database is used to investigate the link between inward foreign direct investment (FDI) and innovation activity in China. The results of the analysis suggest that private and collectively owned firms with foreign capital participation and those with good access to domestic bank loans innovate more than other firms do. Among enterprises not owned by the state, inward FDI at the sectoral level is positively associated with domestic innovative activity only among firms that engage in their own research and development or that have good access to domestic finance. At the sector level the effect of inward FDI into technology transfer is distinguished from the effect on domestic credit opportunities. FDI affecting credit is of little significance for state-owned enterprises and is independent of their access to finance. In contrast, better access to credit is an important channel through which FDI affects the innovation of domestic private and collectively owned enterprises.
Link permanente para citações:
‣ The Right to Borrow : Legal and Regulatory Barriers that Limit Access to Credit by Small Farms and Businesses
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Português
Relevância na Pesquisa
87.85836%
#SMALL FARMS#SMALL ENTERPRISES#CREDIT#REGULATIONS#INFORMAL SECTOR#CREDITWORTHINESS#LOAN COLLATERAL ACCESS TO CREDIT#BANK LENDING#BANK OFFICERS#BANK REGULATION#BANKING SECTOR
Many laws and regulations in developing
countries drive small businesspeople out of the formal
banking sector and into the hands of high-cost and sometimes
unscrupulous moneylenders in the informal sector. The author
looks at these barriers to credit for small farmers and
firms and suggests solutions.
Link permanente para citações:
‣ Using Credit Ratings to Improve Water Utility Access to Market Finance in Sub-Saharan Africa
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Português
Relevância na Pesquisa
88.32505%
#ACCESS TO CREDIT#ACCESS TO FINANCE#ACCESS TO MARKET#ACCESS TO SERVICES#ASSETS#BANKS#BORROWER#BORROWING#CAPITAL INVESTMENT#CAPITAL INVESTMENTS#CASH FLOW
Water and Sanitation Program (WSP) is
working to leverage domestic private sector expertise and
resources to deliver services that benefit the poor. The aim
is to help an estimated 1.5 million poor people gain
sustained access to improved water supply and sanitation
services and leverage over US$80 million in investments by
donors, governments, and the domestic private sector through
three main activity lines: building water and sanitation
business models for the poor; public-private partnerships in
non-traditional markets; and, banking the unbanked water and
sanitation providers. Encouraging creditworthy utilities to
finance a portion of their investment program using
commercial debt will improve the allocation of public funds
for investment. Taking steps to address performance issues
that hinder access to credit could see significantly more
investment in water by the private sector, resulting in
improved access in urban areas.
Link permanente para citações:
‣ Scaling-Up SME Access to Financial Services
Fonte: Washington, DC
Publicador: Washington, DC
Português
Relevância na Pesquisa
78.521807%
#ACCESS INDICATORS#ACCESS TO BANK LOANS#ACCESS TO CAPITAL#ACCESS TO CREDIT#ACCESS TO FINANCE#ACCESS TO FINANCIAL SERVICES#ACCESS TO FINANCING#ACCOUNTS RECEIVABLES#ALTERNATIVE FINANCING#ALTERNATIVE INVESTMENT#ANGEL INVESTORS
Small and Medium Enterprises (SMEs) play
a major role in economic development, particularly in
emerging countries, but access to finance remains a key
constraint to SME. In the light of the new understanding of
the SME finance challenges that this report synthesizes, the
Financial Inclusion Experts Group (FIEG) makes key
recommendations for the G-20 leaders, in order to achieve a
global scale-up of SME access to financial services in the
developing world. The G-20 FIEG SME Finance Sub-Group
executed a global SME Finance stocktaking exercise with
various SME finance models to establish best practices in
SME Finance.The report concludes that, given the fragmented
SME finance data space, the G-20 has a unique opportunity to
lead the collaborative effort on improving the availability
and quality of SME finance data globally. This can be
achieved through encouraging and coordinating the data
collection efforts at regional, national, and global levels
conducted by a multitude of sources including national
governments/agencies and international organizations and
effectively addressing the data collection challenges along
the way to ensure continuity of these efforts moving forward.
Link permanente para citações:
‣ Financial Access 2009 : Measuring Access to Financial Services around the World
Fonte: Consultative Group to Assist the Poor/The World Bank, Washington, DC
Publicador: Consultative Group to Assist the Poor/The World Bank, Washington, DC
Português
Relevância na Pesquisa
98.54766%
#ACCESS POINT#ACCESS POINTS#ACCESS TO CREDIT#ACCESS TO FINANCE#ACCESS TO FINANCIAL SERVICES#ACCESS TO SAVING#ACCESS TO SAVINGS#ACCOUNT HOLDERS#ACCOUNT OWNERSHIP#ACCOUNTING#ADMINISTRATIVE COSTS
Financial Access 2009 introduces the
latest data from a survey of financial regulators in 139
countries. It presents indicators of access to savings,
credit, and payment services in banks, and in regulated
nonbank financial institutions. It is intended for a broad
audience of policymakers, researchers, practitioners,
multilateral and bilateral investors, in order to guide
monetary policy, monitor systemic risks, and collect
information on the values of deposits and credit. This
report reviews three interventions: disclosure requirements,
interest rate caps, and methods to address excessive lending
that can result in consumer indebtedness. Improved
transparency and disclosure allow borrowers to make informed
choices and can facilitate competition in financial markets,
eventually leading to lower prices and improved products.
Policies to restrict interest rates or credit quantity,
especially in consumer credit, seem to have limited effect
but require further analysis.
Link permanente para citações:
‣ Access to Financial Services : A Review of the Issues and Public Policy Objectives
Fonte: Oxford University Press on behalf of the World Bank
Publicador: Oxford University Press on behalf of the World Bank
Tipo: Artigo de Revista Científica
Português
Relevância na Pesquisa
78.56594%
#ABSENCE OF CREDIT#ACCESS BARRIERS#ACCESS TO BANK ACCOUNTS#ACCESS TO CREDIT#ACCESS TO FINANCE#ACCESS TO FINANCIAL SERVICES#ACCESS TO FINANCING#ACCESS TO INTERNATIONAL MARKETS#ACCESS TO PAYMENTS#ACCOUNT OWNERS#ADMINISTRATIVE BURDENS
This article reviews the evidence on the
importance of finance for economic well-being. It provides
data on the use of basic financial services by households
and firms across a sample of countries, assesses the
desirability of universal access, and provides an overview
of the macroeconomic, legal, and regulatory obstacles to
access. Despite the benefits of finance, the data show that
use of financial services is far from universal in many
countries, especially developing countries. Universal access
to financial services has not been a public policy objective
in most countries and would likely be difficult to achieve.
Countries can, however, facilitate access to financial
services by strengthening institutional infrastructure,
liberalizing markets and facilitating greater competition,
and encouraging innovative use of know-how and technology.
Government interventions to directly broaden access to
finance, however, are costly and fraught with risks, among
others the risk of missing the targeted groups. The article
concludes with recommendations for global actions aimed at
improving data on access and use and suggestions on areas of
further analysis to identify constraints to broadening access.
Link permanente para citações:
‣ What Have We Learned from the Enterprise Surveys Regarding Access to Credit by SMEs?
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Português
Relevância na Pesquisa
98.44369%
#ACCESS TO CREDIT#ACCESS TO EXTERNAL FINANCE#ACCESS TO FINANCE#ACCOUNTING#AFFILIATED ORGANIZATIONS#ANNUAL SALES#BANK FINANCING#BANK LOAN#BANK LOANS#BUSINESS ENVIRONMENT#BUSINESS ENVIRONMENTS
Using a unique firm level data set --
the Enterprise Surveys -- this paper develops a new measure
of credit-constrained status for firms using hard data
instead of perceptions data. The paper classifies firms into
four ordinal categories: Not Credit Constrained, Maybe
Credit Constrained, Partially Credit Constrained, and Fully
Credit Constrained to understand the characteristics of the
firms that fall into each group. Comparable data from the
Enterprise Surveys for 116 countries are used to look at the
relationship between firm size and credit-constrained
status. First, the analysis finds that small and medium
enterprises are more likely to be credit constrained (either
partially or fully) than large firms. Furthermore, small and
medium enterprises finance their working capital and
investments mainly through trade credit and informal sources
of finance. These two results hold to a large extent in all
the regions of the developing world. Second, although size
is a significant predictor of the probability of being
credit constrained...
Link permanente para citações:
‣ Child Labor, Income Shocks, and Access to Credit
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Português
Relevância na Pesquisa
98.01461%
#ACCOUNT#ADULT MORTALITY#CHILD LABOR#CHILD LABOR ISSUES#CONDITIONS FOR CHILDREN#CREDIT RATIONING#CROWDING#CROWDING OUT#DURABLE GOODS#ECONOMIC ACTIVITY#ECONOMIC IMPACT
Although a growing theoretical
literature points to credit constraints as an important
source of inefficiently high child labor, little work has
been done to assess its empirical relevance. Using panel
data from Tanzania, the authors find that households respond
to transitory income shocks by increasing child labor, but
that the extent to which child labor is used as a buffer is
lower when households have access to credit. These findings
contribute to the empirical literature on the permanent
income hypothesis by showing that credit-constrained
households actively use child labor to smooth their income.
Moreover, they highlight a potentially important determinant
of child labor and, as a result, a mechanism that can be
used to tackle it.
Link permanente para citações:
‣ Scaling-Up SME Access to Financial Services in the Developing World
Fonte: Washington, DC
Publicador: Washington, DC
Tipo: Trabalho em Andamento
Português
Relevância na Pesquisa
78.541304%
#ACCESS INDICATORS#ACCESS TO BANK LOANS#ACCESS TO CAPITAL#ACCESS TO CREDIT#ACCESS TO FINANCE#ACCESS TO FINANCIAL SERVICES#ACCESS TO FINANCING#ACCOUNTS RECEIVABLES#ALTERNATIVE FINANCING#ALTERNATIVE INVESTMENT#ANGEL INVESTORS
Small and medium enterprises (SMEs) play
a major role in economic development, particularly in
emerging countries. Access to finance remains a key
constraint to SME development in emerging economies. Closing
the credit gap for formal SMEs will be less daunting than
for informal SMEs. The SME finance gap is the result of a
mismatch between the needs of the small firms and the supply
of financial services, which typically are easier for larger
firms to access. Deficiencies in the enabling environment
and residual market failures have motivated government
interventions to foster SME access to financing. The
stocktaking exercise confirms the rise in various parts of
the world of specific business models aimed at providing
financial services to SMEs in a cost-effective manner.
Effective SME financing models can be implemented in
different country and market environments, but greater
outreach is achieved in the most developed environments for
the financial sector. Although SME banking and microfinance
models are successfully being rolled out in an increasing
number of countries and regions...
Link permanente para citações:
‣ Access to Credit among Micro, Small, and Medium Enterprises
Fonte: International Finance Corporation, Washington, DC
Publicador: International Finance Corporation, Washington, DC
Tipo: Brief
Português
Relevância na Pesquisa
97.95262%
#ACCESS TO CREDIT#BANK ACCOUNT#CHECKING ACCOUNT#COMMERCIAL BANKS#COMPANY#CREDIT GAP#DEPOSIT#DEPOSIT ACCOUNT#DEPOSIT ACCOUNTS#DEPOSITS#EMPLOYMENT
In 2010, IFC conducted a study to
estimate the number of micro, small, and medium enterprises
(MSMEs) in the world, and to determine the degree of access
to credit and use of deposit accounts for formal and
informal MSMEs. The study used primarily data from the World
Bank Enterprise Surveys (ES). In 2011 the data was revisited
as new enterprise surveys became available. The resulting
database, IFC Enterprise Finance Gap Database, covers 177
countries. This fact sheet summarizes and highlights the key
data points available for the formal micro, formal small and
medium enterprises (SME), and the aggregated formal and
informal MSME sectors.
Link permanente para citações:
‣ Facilitating SME Financing through Improved Credit Reporting
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Tipo: Relatório
Português
Relevância na Pesquisa
78.52547%
#ACCESS TO CAPITAL#ACCESS TO CREDIT#ACCESS TO FINANCING#ACCESS TO INFORMATION#ACCOUNTS RECEIVABLES#ADMINISTRATIVE BURDEN#ALTERNATIVE FINANCING#ANTI-MONEY LAUNDERING#ANTI-MONEY LAUNDERING LEGISLATION#ARREARS#ASYMMETRIC INFORMATION
The general principles for credit
reporting were issued by the World Bank in September 2011.
Since then, the World Bank and the international committee
on credit reporting (ICCR) have been leading efforts towards
the implementation of the general principles worldwide. This
report is one of the concrete outputs of the work following
the general principles. It addresses one of the most
significant problems that limit the ability of most small
and medium enterprises (SMEs) around the world to obtain
adequate external financing to underpin their productive
activities: information asymmetries. Creditors assess the
creditworthiness of credit and loan applicants based on two
basic criteria: ones financial capacity or ability to repay
a loan, and ones willingness to repay the loan. A credit
reporting system s (CRS) basic objective is to address
information asymmetries, which is crucial for determining
repayment capacity and repayment willingness. Credit
reporting can therefore be extremely valuable to creditors
for enhanced...
Link permanente para citações:
‣ The Effect of a Land Titling Programme on Households’ Access to Credit
Fonte: Taylor and Francis
Publicador: Taylor and Francis
Tipo: Artigo de Revista Científica
Português
Relevância na Pesquisa
87.98677%
This paper assesses the effects of property titling on households’ access to and use of credit by focusing on household responses to an exogenous change in their formal ownership status. We isolate the credit effect on legal ownership by comparing households from communities in Osasco, Brazil. Our statistical estimates suggest that land titling increases credit use, decreases reliance on credit borrowed from relatives, and increases credit borrowed from commercial banks. We also find that treated households increased their consumption of time-saving durable goods, which explains an observed reallocation of time among household members, with adults working more and children less.
Link permanente para citações:
‣ Dual Credit Markets and Household Access to Finance; Evidence from a Representative Chinese Household Survey
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Tipo: Working Paper; Policy Research Working Paper; Publications Research
Português
Relevância na Pesquisa
78.52596%
#HOME OWNERSHIP#CREDIT MARKETS#INFORMAL BORROWING#DEPOSIT#FINANCIAL SERVICES#BORROWER#ECONOMIC GROWTH#VILLAGES#TRADE CREDIT#FACILITATION#REPAYMENT CAPACITY
Using a new and representative data set
of Chinese household finance, this paper documents household
access to and costs of finance, along with their correlates.
As in most developing countries, informal finance is a
crucial element of household finance, and wealth tends to be
associated with better access to formal and informal
finance. Better financial knowledge shifts loan portfolios
toward formal sources relative to informal ones. Connections
to the Communist Party are associated with significantly
better access to finance in rural areas but not in urban
areas. A larger social network is positively associated with
access to informal finance. Controlling for household
characteristics, rural residents pay interest rates on loans
similar to urban residents. Younger residents pay higher
rates, while households on firmer economic footing face
lower rates. Taking financial classes and college education
is associated with higher interest rates for urban
residents, suggesting perhaps that financial knowledge
coincides with greater demand for credit in areas with more
economic opportunity. Overall...
Link permanente para citações:
‣ Kyrgyz Republic : Access to Financial Services Policy Note
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Tipo: Economic & Sector Work :: Policy Note; Economic & Sector Work
Português
Relevância na Pesquisa
78.54561%
#ACCESS TO CREDIT#ACCESS TO FINANCE#ACCESS TO FINANCIAL SERVICES#ACCESS TO FINANCING#ACCESS TO INFORMATION#ACCESS TO RESOURCES#ACCOUNTING#ACCOUNTING PRACTICES#ACCOUNTING STANDARDS#ACCOUNTS RECEIVABLE#ADB
The purpose of this paper is to report
on the level of access to formal financial services in the
Kyrgyz Republic, assess the key obstacles to improving
access, and make recommendations to overcome these
obstacles. The paper is organized as follows. Sections II to
IV examine the supply of financial services. Specifically,
section II presents a profile of financial intermediation by
banks, focusing their supply of financial services,
particularly lending and deposits. Section III presents a
profile of lending by Aiyl Bank, a specialized bank with a
limited license, which is mandated to lend for agriculture.
Section IV presents a profile of lending by non-bank
financial institutions (NBFIs), including microfinance
organizations (MFOs) and credit unions. Section V examines
the demand side for financial services, drawing on
enterprise surveys to assess firms' perceptions of
their access to finance. Section VI presents a brief
analysis of the impact of the events of April 2010 on access
to finance. Section VII discusses key obstacles in
increasing access to finance from banks and NBFIs. Section
VIII concludes with policy recommendations that derive from
the preceding analysis.
Link permanente para citações:
‣ Bank Competition, Financing Obstacles, and Access to Credit
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Tipo: Publications & Research :: Policy Research Working Paper; Publications & Research
Português
Relevância na Pesquisa
87.84213%
#ACCUMULATION RATE#ADVERSE SELECTION#AGENCY PROBLEMS#BANK LENDING#BANK LOANS#BANKING SECTOR#BANKING SYSTEM#BANKING SYSTEMS#BANKS#CAPITAL ACCUMULATION#CASH FLOW
Theory makes ambiguous predictions about
the effects of bank concentration on access to external
finance. Using a unique data base for 74 countries of
financing obstacles and financing patterns for firms of
small, medium, and large size, the authors assess the
effects of banking market structure on financing obstacles
and the access of firms to bank finance. The authors find
that bank concentration increases financing obstacles and
decreases the likelihood of receiving bank finance, with the
impact decreasing in size. The relation of bank
concentration and financing obstacles is dampened in
countries with well developed institutions, higher levels of
economic and financial development, and a larger share of
foreign-owned banks. The effect is exacerbated by more
restrictions on banks' activities, more government
interference in the banking sector, and a larger share of
government-owned banks. Finally, it is possible to alleviate
the negative impact of bank concentration on access to
finance by reducing activity restrictions.
Link permanente para citações:
‣ Informality among Formal Firms : Firm-level, Cross-country Evidence on tax Compliance and Access to Credit
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Tipo: Publications & Research :: Policy Research Working Paper; Publications & Research
Português
Relevância na Pesquisa
98.48546%
#ABSENCE OF CORRUPTION#ACCESS TO CREDIT#ACCESS TO EXTERNAL FINANCE#ACCESS TO FINANCE#ACCESS TO FINANCING#ACCESS TO FORMAL CREDIT#ACCOUNTING#ASSET VALUE#BALANCE SHEETS#BANK COMPETITION#BANK FINANCING
The authors use firm-level, cross-county
data from Investment Climate surveys in 49 developing
countries to investigate an important channel through which
informality can affect productivity: access to credit and
external finance. Informality is measured as self-reported
lack of tax compliance in a sample of registered firms that
also answered questions on a large set of other
characteristics. The authors find that more tax compliance
is significantly associated with more access to credit both
in OLS and in country fixed effects estimates. In
particular, the link between credit and formality is
stronger in high-formality countries. This suggests that
firms' balance sheets are relatively more informative
for financial institutions in environments where signal
extraction is a less noisy process. The authors'
results are robust to the inclusion of a wide array of
correlates and to two-stage estimation.
Link permanente para citações:
‣ Child Labor : The Role of Income Variability and Access to Credit in a Cross-Section of Countries
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Tipo: Publications & Research :: Policy Research Working Paper; Publications & Research
Português
Relevância na Pesquisa
98.10227%
#CHILD LABOR#CHILD LABOR LAWS#DEVELOPED COUNTRIES#DEVELOPMENT INDICATORS#ECONOMIC ACTIVITY#ECONOMIC REVIEW#EMPIRICAL ANALYSIS#EMPIRICAL STUDIES#EMPLOYMENT#FINANCIAL MARKETS#HUMAN DEVELOPMENT
Even though access to credit is central
to child labor theoretically, little work has been done to
assess its importance empirically. Dehejia and Gatti examine
the link between access to credit and child labor at a
cross-country level. The authors measure child labor as a
country aggregate, and proxy credit constraints by the level
of financial market development. These two variables display
a strong negative (unconditional) relationship. The authors
show that even after they control for a wide range of
variables-including GDP per capita, urbanization, initial
child labor, schooling, fertility, legal institutions,
inequality, and openness-this relationship remains strong
and statistically significant. Moreover, they find that, in
the absence of developed financial markets, households
resort to child labor to cope with income variability. This
evidence suggests that policies aimed at increasing
households' access to credit could be effective in
reducing child labor.
Link permanente para citações:
‣ Acceso al crédito y límites del crecimiento en Pymes: una mirada a través de la dinámica de sistemas; Access to credit and limits to growth in SMEs: a system dynamics approach
Fonte: Universidad Icesi; Facultad de Ingeniería
Publicador: Universidad Icesi; Facultad de Ingeniería
Tipo: article; Artículo
Formato: PDF; p.13-32; Electrónico
Português
Relevância na Pesquisa
97.91059%
#DINÁMICA DE SISTEMAS#CRÉDITOS#PYMES#FACULTAD DE INGENIERÍA#PRODUCCIÓN INTELECTUAL REGISTRADA - UNIVERSIDAD ICESI#SISTEMA & TELEMÁTICA#SYSTEM DYNAMICS#SYSTEM DYNAMICS#ACCESS TO CREDIT
El acceso al crédito se considera como uno de los mayores problemas que
deben afrontar las Pymes para su supervivencia y crecimiento. Este
documento describe un modelo de dinámica de sistemas basado en el caso
de una empresa manufacturera de tamaño mediano localizada en Colombia.
El modelo integra aspectos operativos y financieros de la empresa e incluye
variables asociadas con el crédito comercial y el crédito bancario. Se realizó
un análisis de sensibilidad sobre el modelo con el fin de encontrar variables
con un alto nivel de apalancamiento sobre los resultados deseados. Dichos
resultados indican que las políticas operativas y financieras, cuando se
aplican de manera aislada, no son suficientes para resolver los problemas de
estancamiento de la empresa. Una combinación apropiada de acceso a crédito,
condiciones de crédito, y políticas operativas y financieras adecuadas, parece
ser la manera más conveniente para manejar la complejidad inherente a la
supervivencia y crecimiento de las Pymes.; Access to credit has been considered as one of the main problems that SMEs have to deal with in order to survive and keep growing. This document describes a system dynamics model based on the case of a medium-sized manufacturing firm located in Colombia. The model integrates operational and financial aspects of the firm...
Link permanente para citações:
‣ Psychometrics as a Tool to Improve Screening and Access to Credit
Fonte: World Bank, Washington, DC
Publicador: World Bank, Washington, DC
Tipo: Working Paper; Publications & Research :: Policy Research Working Paper; Publications & Research
Português
Relevância na Pesquisa
98.46087%
#BUSINESS OWNERS#CREDIT MARKETS#ALTERNATIVE CREDIT#SMALL-BUSINESS LOAN#BARRIERS TO GROWTH#ECONOMIC GROWTH#DEPOSITS#PEOPLE#FINANCING#FORMAL FINANCIAL INSTITUTIONS#LOAN PERFORMANCE
This paper studies the use of
psychometric tests, which were designed by the
Entrepreneurial Finance Lab as a tool to screen out high
credit risk and potentially increase access to credit for
small business owners in Peru. The analysis uses
administrative data covering the period from June 2011 to
April 2014 to compare debt accrual and repayment behavior
patterns across entrepreneurs who were offered a loan based
on the traditional credit-scoring method versus the
Entrepreneurial Finance Lab tool. The paper finds that the
psychometric test can lower the risk of the loan portfolio
when used as a secondary screening mechanism for already
banked entrepreneurs—that is, those with a credit history.
For unbanked entrepreneurs—those without a credit
history—using the Entrepreneurial Finance Lab tool can
increase access to credit without increasing portfolio risk.
Link permanente para citações: