Understanding the microenterprise sector to design a tailor-made microfinance policy for Cape Verde

José A. G. Baptista (), Joaquim Ramalho () and Jacinto Silva
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José A. G. Baptista: Banco de Cabo Verde

Economics Working Papers from University of Évora, Department of Economics (Portugal)

Abstract: Two of the central challenges faced by Cape Verde at the present are the high level of unemployment and the increasing proportion of the population that lives below the poverty line. Microenterprise development can be an effective means of addressing both problems in a developing country like Cape Verde, where microenterprises account for about 50% of employment. In this paper we provide a detailed profile of micro firms? owners and investigate the relationship between their characteristics and the resort to outside seed capital. We find a cluster of factors - the microentrepreneur?s age, gender, level of education and reason for being self-employed - which influence significantly the probability of being in need for external startup capital. The policy implications of these findings for the design of a specific microfinance program for Cape Verde are discussed.

Keywords: Cape Verde; Microfinance; Microenterprise; Microcredit; Poverty (search for similar items in EconPapers)
JEL-codes: G32 O18 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2006
New Economics Papers: this item is included in nep-afr, nep-ent, nep-fin and nep-mfd
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Journal Article: Understanding the microenterprise sector to design a tailor-made microfinance policy for Cape Verde (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:evo:wpecon:1_2006

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