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O Microcrédito em Portugal


  • Pedro Cosme Costa Vieira

    (Faculdade de Economia do Porto)


  • 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).

Suggested Citation

  • Joana Silva Afonso, 2011. "O Microcrédito em Portugal," Teses, Monografias e Livros, Open Access International Journals, edition 1, number 003 edited by Pedro Cosme Costa Vieira.
  • Handle: RePEc:por:temoli:003

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    More about this item


    Microcrédito; Microfinanças; Modelos de sobrevivência;

    JEL classification:

    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs


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