DO MICRO ENTERPRISES CHOOSE MICROFINANCE INSTITUTIONS TO MEET THEIR FINANCIAL NEEDS? EVIDENCE FROM MUMBAI SLUMS

Chandralekha Ghosh () and Samapti Guha
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Chandralekha Ghosh: West Bengal State University, Barasat, North 24 Parganas, West Bengal, India
Samapti Guha: Tata Institute of Social Sciences, Mumbai, Maharashtra, India

Journal of Developmental Entrepreneurship (JDE), 2014, vol. 19, issue 03, 1-17

Abstract: The study empirically investigates types of microenterprises (MEs) resorting to microfinance institutions (MFIs) for their financial needs in the slums of Mumbai, India. The study is based on a primary survey of MEs, located in two different types of slums, namely "declared" and "undeclared," in Mumbai including the largest slum, "Dharavi," in India, Asia. Empirical results show that the MEs from the undeclared slums mainly depend on the MFIs. Apart from this fact, it has also been observed that MEs operating from private places and started their operation less than five years ago depend on the MFIs to meet their financial requirements. The other MEs are either depending on informal money lenders or their own resources for running their enterprises.

Keywords: Microfinance institutions; microenterprises; urban slum (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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DOI: 10.1142/S1084946714500204

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