Sources of Finance

Sharit K. Bhowmik and Debdulal Saha
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Sharit K. Bhowmik: Tata Institute of Social Sciences
Debdulal Saha: Tata Institute of Social Sciences

Chapter Chapter 4 in Financial Inclusion of the Marginalised, 2013, pp 61-71 from Springer

Abstract: Abstract Access to capital is an economic linkage between street trade and the economy as reflected in the study. It is the single most important factor that affects the vendors’ economic activities as well as their personal lives. Capital is needed for initiating the business and, later, for running and expanding the business. As is commonly known a rise in income is directly related to an increase in the standard of life. To raise income, level of investment needs to be raised which entails borrowing for the same. The informal sources of credit including the wholesalers, moneylenders, friends or even relatives have a vital role in their lives. In absence of formal institutional credit availability to vendors, they turn to these informal sources of credit during dire situations. This study also shows the extent of dependence vendors have on the moneylenders and wholesalers as compared to other informal sources of capital.

Keywords: Interest Rate; Psychological Abuse; High Interest Rate; Informal Source; Street Vendor (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-81-322-1506-6_4

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DOI: 10.1007/978-81-322-1506-6_4

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