Shadow Banking Services for Entrepreneurs

Les Dlabay ()
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Les Dlabay: Lake Forest College

A chapter in Entrepreneurship in South America, 2022, pp 241-257 from Springer

Abstract: Abstract Informal financial services ranging from loans with family members to community-based savings groups serve entrepreneurs and households in South America. With several hundred million people lacking access to formal banking services in the region, varied alternative financial services are offered by informal and semiformal providers. Individuals and small business owners seek loans, savings services, and payment activities through shadow financial sources influenced by tradition, cultural norms, and economic necessity.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-030-97060-4_15

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DOI: 10.1007/978-3-030-97060-4_15

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