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Demand Side Analysis of Microlending Markets in Germany

Alexander Kritikos (), Christoph Kneiding () and Claas Christian Germelmann ()
Additional contact information
Christoph Kneiding: LFS Financial Systems
Claas Christian Germelmann: Saarland University

No 4292, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: In developing and transition economies, microlending has become an effective instrument for providing micro businesses with the necessary financial resources to launch operations. In the industrialized countries, with their highly developed banking systems, however, there has been ongoing debate on the question of whether an uncovered demand for microlending services exists. The present pilot study explores customer preferences for microlending products in Germany. Among the interviewed business owners, 15% reported revolving funding needs and an interest in microloans. We find that potential recipients of microloan products are retail business owners, foreign business owners, and persons who had previously received private loans. Furthermore, financial products should feature rapid access to short-term loans.

Keywords: entrepreneurship; microlending; market research (search for similar items in EconPapers)
JEL-codes: G21 D12 M31 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2009-07
New Economics Papers: this item is included in nep-eec, nep-ent, nep-mfd and nep-mkt
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Published in: Jahrbücher für Nationalökonomie und Statistik, 2009, 229 (5), 523-543

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Journal Article: Demand Side Analysis of Microlending Markets in Germany (2009) Downloads
Working Paper: Demand Side Analysis of Microlending Markets in Germany (2009) Downloads
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