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Informal Finance In Settings Of Poverty: Establishing An Agenda For Future Entrepreneurship Research

Author

Listed:
  • GARRY D BRUTON

    (Texas Christian University, Fort Worth, Texas 76129, USA)

  • NURADDEEN NUHU

    (Bridgewater College, Bridgewater, VA 22812, USA)

  • JING JING QIAN

    (Nanchang University, Nanchang 330031, P. R. China)

Abstract

Entrepreneurship is viewed as a major tool in the effort to address poverty in emerging economies. Yet financing for such entrepreneurial ventures remains a major challenge. To date, most research on financing of entrepreneurial ventures among those in poverty in emerging economies has focused on formal financial tools such as microfinancing. However, a far larger financing tool employed in practice is informal financing. Such financing takes the shape of loans by family/friends/neighbors, private money lenders, or rotating savings groups. Very little is known about how these finance tools affect entrepreneurship. This article reviews the existing literature on informal finance in emerging economies and then develops a rich research agenda for scholars on informal finance in emerging economies and its role in entrepreneurship.

Suggested Citation

  • Garry D Bruton & Nuraddeen Nuhu & Jing Jing Qian, 2021. "Informal Finance In Settings Of Poverty: Establishing An Agenda For Future Entrepreneurship Research," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 26(02), pages 1-27, June.
    • Handle: RePEc:wsi:jdexxx:v:26:y:2021:i:02:n:s1084946721500114
    DOI: 10.1142/S1084946721500114
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    Cited by:

    1. Simba, Amon & Martins Ogundana, Oyedele & Braune, Eric & Dana, Léo–Paul, 2023. "Community financing in entrepreneurship: A focus on women entrepreneurs in the developing world," Journal of Business Research, Elsevier, vol. 163(C).
    2. Amanda Haarman & Marcus M. Larsen & Rebecca Namatovu, 2022. "Understanding the Firm in the Informal Economy: A Research Agenda," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 34(6), pages 3005-3025, December.

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