Understanding the microenterprise sector to design a tailor-made microfinance policy for Cape Verde
AbstractTwo of the central challenges faced by Cape Verde at the present are the high level of unemployment and the increasing proportion of the population that lives below the poverty line. Microenterprise development can be an effective means of addressing both problems in a developing country like Cape Verde, where microenterprises account for about 50% of employment. In this paper we provide a detailed profile of micro firms? owners and investigate the relationship between their characteristics and the resort to outside seed capital. We find a cluster of factors - the microentrepreneur?s age, gender, level of education and reason for being self-employed - which influence significantly the probability of being in need for external startup capital. The policy implications of these findings for the design of a specific microfinance program for Cape Verde are discussed.
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Bibliographic InfoArticle provided by Springer in its journal Portuguese Economic Journal.
Volume (Year): 5 (2006)
Issue (Month): 3 (December)
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Web page: http://link.springer.de/link/service/journals/10258/index.htm
Other versions of this item:
- José A. G. Baptista & Joaquim J.S. Ramalho & Jacinto Vidigal da Silva, 2006. "Understanding the microenterprise sector to design a tailor-made microfinance policy for Cape Verde," Economics Working Papers 1_2006, University of Évora, Department of Economics (Portugal).
- O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
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