Entrepreneurial choice with respect to U.S. microentrepreneurs and access to microloans
- C. E. W. Glackin (2011). Entrepreneurship: Motivation, Performance and Risk (Nova Science Publishers, Inc. ), 91-109
- Abstract: The U.S. microfinance market developed exponentially during the 1990s and the early part of the new century with the numbers of providers and borrowers increasing and the amount of capital expanding even more rapidly. By 2002, the supply of capital was outpacing the uptake of loans such that there was a surplus of loan pool capital despite the ever present claims of insufficient funding for small businesses. Prior research (Glackin 2011) indicated that the full range of costs of borrowing is seriously underestimated and shortfalls in demand for microdebt are heavily influenced by costs. By examining the barriers, boosters, costs, and constraints experienced by micro-entrepreneurs, the disconnect between supply and demand in the microloan marketplace is elucidated. Program, client and prospective client data is analyzed through a behavioral economics lenses, costs are estimated, and program and policy implications are explored. 2011 by Nova Science Publishers, Inc. All rights reserved.
- Theme: Finance
- Reference type: Book Section
- Geographic location: United Sates, North America, Global North