Abstract (EN):
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).
Idioma:
Português
Tipo (Avaliação Docente):
Científica
Nº de páginas:
69
ISBN:
978-989-97212-0-3
Coleção:
Livro, monografias e teses
Edição:
1
ª
Vol.:
3