A Proposed Credit Risk Assessment for People at the Bottom of the Social Pyramid in Cali, Colombia

Bibliographic Data

ID12969007
AuthorsJuan David Rivera Acevedo (University of Erfurt, corresponding author), Lina Martínez (0000-0002-5997-2264, Icesi University)
Year2018
Volume10
Issue3
Pages41-41
Publication date2018-05-29
Open AccessYes
TypeARTICLE
VenueReview of European Studies (JOURNAL)
Journal identifiersISSN: 1918-7173 • E-ISSN: 1918-7181
PublisherCanadian Center of Science and Education (PUBLISHER)
DOI10.5539/res.v10n3p41
OpenAlexW2806700958
LanguageEN
References cited9

The informal economy accounts for half of the economic activity in Colombia. Street vending is a major part of the informal sector. In the context of a rapid urbanization due to internal conflicts, low skilled workers find a last resort for income generation as street vendors. Even though studies have revealed that street vendors can have high profits, they usually remain poor. A primary reason is their continuous indebtedness outside the regulated financial market. This paper proposes a comprehensive questionnaire survey on the socioeconomic profile of street vendors. This tool can be used to assess the individual credit risk and incentivize the financial inclusion of the poor. It can also be used for evaluation processes by the government or impact investors

Bottom of the pyramid · Business · Context (archaeology · Economic growth · Economics · Financial inclusion · Financial services · Geography · Government (linguistics · Inclusion (mineral · Informal sector · Pyramid (geometry · Socioeconomic status · Urbanization · Innovation and Socioeconomic Development · Microfinance and Financial Inclusion · Urban and Rural Development Challenges · Finance · Marketing

Tools

Open DOISci-HubOpen Access