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O Microcrédito em Portugal

Listed editor(s):
  • Pedro Cosme Costa Vieira

    (Faculdade de Economia do Porto)

Registered editor(s):
Listed author(s):
  • Joana Silva Afonso


    (Associação Nacional de Direito ao Crédito)

Micro-credit and micro-finance emerged in the 1970’s in some Asian and Latin American countries as an instrument for fighting poverty and social exclusion. Using 2006-9 portuguese micro-level data, we estimate the failure rate of Portuguese micro-credit projects as 18,4%/year. This failure rate is incompatible with a no-subsidised system that would require a 25.5%/year interest rate. Using territorial variable on a Cox proportional hazard model, we estimate that the failure rate of those micro-credit projects located in the worst case NUTS II Portuguese regions (Alentejo e Centro, 26.1%/year) is significantly higher than that of those projects located in the best case region (Norte, 14.7%/year).

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This book is provided by Open Access International Journals in its series Teses, Monografias e Livros with number 003 and published in 2011.
Edition: 1
ISBN: 978-989-97212-0-3
Handle: RePEc:por:temoli:003
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