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Title Understanding the microenterprise sector to design a tailor-made microfinance policy for Cape Verde
Full text http://www.decon.uevora.pt/investigacao/working_papers_series/1_2006_understanding_the_microenterprise_sector_to_design_a_tailor_made_microfinance_policy_for_cape_verde
Author(s) José A. G. Baptista; Joaquim J.S. Ramalho; Jacinto Vidigal da Silva
Abstract Two of the central challenges faced by Cape Verde at the present are the high level of unemployment and the increasing proportion of the population that lives below the poverty line. Microenterprise development can be an effective means of addressing both problems in a developing country like Cape Verde, where microenterprises account for about 50% of employment. In this paper we provide a detailed profile of micro firms? owners and investigate the relationship between their characteristics and the resort to outside seed capital. We find a cluster of factors - the microentrepreneur?s age, gender, level of education and reason for being self-employed - which influence significantly the probability of being in need for external startup capital. The policy implications of these findings for the design of a specific microfinance program for Cape Verde are discussed. - Cape Verde, Microfinance, Microenterprise, Microcredit, Poverty
Type of publication preprint
Identifier RePEc:evo:wpecon:1_2006
Repository RePEc - Research Papers in Economics
Added to C-A: 2010-06-24;11:01:57