Small business and entrepreneurship play critical role in stimulating economic activity, creating jobs, alleviating poverty and uplift living standards in Africa. It is widely accepted that the Micro and Small Enterprise (MSE) sectors have the potential to provide a livelihood for a considerably large number of poor rural and urban women in Ethiopia. Women account for the larger share of the in...

Two fundamental payment methods exist for online information purchase: macropayment and micro-payment. Traditional macro-payment methods, like credit and charge cards and digital currency, are suitable for large-value, low-volume transactions. However, large-volume, low-value commodities, such as discrete units of information from a website, better suit a micro-payment model. In micro-payment, ...

In this paper, the relationship between financial literacy and household consumption is empirically analyzed by using The Chinese Family Micro Database (CHFS), structure of households subdivided into survival consumption, development enjoyment respectively, to study impact on different structures. mediating effect credit constraint factors studied moderating digital finance explored. results sh...

The micro-credit movement has used innovative lending techniques to push financial frontiers. Many micro-lenders operate in an environment with no collateral and limited information about borrowers. If borrowers vary in unobservable risk, individual lending contracts may involve safe borrowers cross-subsidizing risky ones, and thus may drive safe borrowers from the market. Ghatak (1999, 2000) s...

1 Background Credit cards have been widely used in the USA. The industry has matured so much that most households hold many credit cards and most consumers use credit cards as means of payment. They usually maintain their records on credit cards. In the USA, a total amount of credit card balances is about $700 billion. Because of the wide usage of credit cards, the term of cards is becoming a m...

Informal sector lenders remain a strong presence in rural India in terms of providing credit facilities in rural India. Farmers and rural poor borrowings from Money lenders and other informal sources of rural credit still significant this sources some extent i.e. 77 percent to 32 percent. In this situation micro finance has emerged as an alternative source of rural credit, microfinance programm...

This study aims to determine the effect of profit-sharing system and interest rates on decisions SME customers in taking credit as a business develop their business, this research was conducted BMT Insan Madani Magetan financing Micro, Small Medium Enterprises. The testing technique used is multiple linear regression analysis, hypothesis testing, validity test, simultaneous test results show th...

www.philadelphiafed.org R eports in the popular press and policymakers’ concerns about student loans have greatly intensified in recent years because of rising student loan balances and defaults. Even greater cause for concern arose as student loans outstanding passed credit card debt to become the single largest nonmortgage household debt in 2012. Worries about the risk of massive default have...

Bivariate probit analysis was used to assess the efficacy of a South African microlender’s loan screening process. This micro-lender grants short-term cash loans to individuals who are employed and earning a fixed salary. Loan applicants with more stable incomes, who are contactable via telephone or post, who are employed in less risky business sectors, who have more disposable income relative ...

This paper uses individual tax returns micro data from 1960 to 1997 to analyze whether taxpayers bunch at the kink points of the U.S. income tax schedule generated by jumps in marginal tax rates. Clear evidence of bunching is found only at the threshold of the first tax bracket where tax liability starts. Evidence for other kink points is weak or null. The large jumps in marginal tax rates crea...