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El financiamiento informal en el Perú: lecciones desde tres sectores
[Informal Finance in Peru: Lessons from Three Sectors]

Author

Listed:
  • Alvarado, Javier
  • Portocarrero M., Felipe
  • Trivelli, Carolina
  • Gonzales de Olarte, Efraín
  • Galarza, Francisco
  • Venero, Hildegardi

Abstract

This book represents the first comprehensive effort to analyze informal finance in Peru. We gathered data from a survey designed to capture formal and non-formal credit and savings transactions. We surveyed rural households, urban micro entrepreneurs, and wholesalers from three regions: Junin, La Libertad and Lima. Overall, we find high loan (65%) and savings rates (above 70%). Moreover, interestingly, while the number of non-formal credit transactions account for 81.5% of the total, they also represent 58.2% of the total loaned amount. As a result, average loans are significantly smaller in the non-formal sector (besides having shorter terms). The 48 case studies conducted to examine the anatomy of non-formal intermediaries show us the importance of the formal-informal financial linkage.

Suggested Citation

  • Alvarado, Javier & Portocarrero M., Felipe & Trivelli, Carolina & Gonzales de Olarte, Efraín & Galarza, Francisco & Venero, Hildegardi, 2001. "El financiamiento informal en el Perú: lecciones desde tres sectores [Informal Finance in Peru: Lessons from Three Sectors]," MPRA Paper 47681, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:47681
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    References listed on IDEAS

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    1. Besley, Timothy, 1994. "How Do Market Failures Justify Interventions in Rural Credit Markets?," The World Bank Research Observer, World Bank, vol. 9(1), pages 27-47, January.
    2. Besley, Timothy & Coate, Stephen & Loury, Glenn, 1993. "The Economics of Rotating Savings and Credit Associations," American Economic Review, American Economic Association, vol. 83(4), pages 792-810, September.
    3. Bell, Clive, 1990. "Interactions between Institutional and Informal Credit Agencies in Rural India," The World Bank Economic Review, World Bank, vol. 4(3), pages 297-327, September.
    4. Steel, William F. & Aryeetey, Ernest & Hettige, Hemamala & Nissanke, Machiko, 1997. "Informal financial markets under liberalization in four African countries," World Development, Elsevier, vol. 25(5), pages 817-830, May.
    5. Udry, Christopher, 1990. "Credit Markets in Northern Nigeria: Credit as Insurance in a Rural Economy," The World Bank Economic Review, World Bank, vol. 4(3), pages 251-269, September.
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    1. repec:ilo:ilowps:397519 is not listed on IDEAS
    2. Edwin Arbey Hernández García & Andrés Felipe Oviedo Gómez, 2016. "Mercado del crédito informal en Colombia: una aproximación empírica," Ensayos de Economía 15539, Universidad Nacional de Colombia Sede Medellín.
    3. Díaz, Juan-José & Saldarriaga, Victor, 2023. "A drop of love? Rainfall shocks and spousal abuse: Evidence from rural Peru," Journal of Health Economics, Elsevier, vol. 89(C).
    4. Ana MARR & Janina LEON & Fatima PONCE, 2014. "Financial Inclusion of the Poor in Peru: Explanatory factors and determinants," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 14(1), pages 101-122.
    5. Galarza, Francisco, 2003. "El crédito solidario, el colateral social, y la colusión. Algunos apuntes [Group Lending, Social Collateral and Collusion. Some Notes]," MPRA Paper 30442, University Library of Munich, Germany.
    6. Didoni, Alberto., 2006. "The impact of liberalisation policies on access to microfinance : the case of Peru," ILO Working Papers 993975193402676, International Labour Organization.

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    More about this item

    Keywords

    Crédito; financiamiento; sector informal; comerciantes; mayoristas; microempresarios; hogares rurales; desarrollo rural; Peru;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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