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Shadow Banking Services for Entrepreneurs

In: Entrepreneurship in South America

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  • Les Dlabay

    (Lake Forest College)

Abstract

Informal financial services ranging from loans with family members to community-based savings groups serve entrepreneurs and households in South America. With several hundred million people lacking access to formal banking services in the region, varied alternative financial services are offered by informal and semiformal providers. Individuals and small business owners seek loans, savings services, and payment activities through shadow financial sources influenced by tradition, cultural norms, and economic necessity.

Suggested Citation

  • Les Dlabay, 2022. "Shadow Banking Services for Entrepreneurs," Springer Texts in Business and Economics, in: Léo-Paul Dana & Christian Keen & Veland Ramadani (ed.), Entrepreneurship in South America, pages 241-257, Springer.
    • Handle: RePEc:spr:sptchp:978-3-030-97060-4_15
    DOI: 10.1007/978-3-030-97060-4_15
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