Microcredit, a key element of rural economic development: a case study
Journal Title: Revista CEA - Year 2019, Vol 5, Issue 9
Abstract
Individuals who lack financial education have a hard time starting a business. As they have no access to commercial banking, they turn to friends, family, and moneylenders. Currently, microfinance satisfies those money needs and its economic boost enables individuals, especially women, to invest and reduce their household expenses. Microfinance is also impacting the economy of rural communities. The results indicate that groups of entrepreneurial women have been formed, producing a significant growth of their local economy. This quantitative descriptive study aims at identifying the characteristics of those who apply for microcredits by analyzing a sample of 50 entrepreneurs. The data obtained in this work reveal that, in 2016, an average of 50,000 microloans were granted in the coast of Chiapas; 70% of them were devoted to working capital and the remaining 30%, to fixed assets.
Authors and Affiliations
Mario Orozco-Gutierrez
Keywords
Related Articles
- EP ID EP534268
- DOI 10.22430/24223182.1313
- Views 164
- Downloads 0
Influence of the Services Marketing Mix and Place Branding on Tourism Destination Image
The aim of this study is to establish if concepts such as the Services Marketing Mix and Place Branding have any influence on Tourism Destination Image. Therefore, it adopted a quantitative cross-sectional exploratory me...
Research trends in the area of business history: a bibliometric approach
Business is considered a very important topic in the world today due to the uncertainty and multiple actors that make up the business environment and different markets. Although researchers’ interest in business history...
Virtual Team Management Model for Executing Collaborative Academic Projects
Since we are immersed in the Knowledge Age, professionals (especially engineers) should receive a comprehensive training in which the academia becomes the main actor proposing activities that allow them to act and think...
Managing a Community of Practice. Case study: infrastructure incidents at two SMEs in Medellín, Colombia
Big and small companies daily produce large amounts of information, relevant and irrelevant data of all kinds; but they ignore the enormous potential in it. This work presents the results of an information management str...
La transferencia del conocimiento y las capacidades de medición y calibración en laboratorios nacionales de metrologÃa
El proceso de declaración de las capacidades de medición y calibración implica que de forma continua los laboratorios nacionales de metrologÃa se actualicen en temas nuevos, participen en comparaciones internacionale...