O Microcrédito em Portugal

Joana Silva Afonso ()
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Joana Silva Afonso: Associação Nacional de Direito ao Crédito

in Teses, Monografias e Livros from Open Access International Journals

Abstract: 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).

Keywords: Microcrédito; Microfinanças; Modelos de sobrevivência (search for similar items in EconPapers)
JEL-codes: C31 C33 I38 (search for similar items in EconPapers)
Date: 2011
Edition: 1
ISBN: 978-989-97212-0-3
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Persistent link: https://EconPapers.repec.org/RePEc:por:temoli:003

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