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Microequity and Microfinance

Pretes, Michael

Description

This paper examines the work of the Village Enterprise Fund, an US nongovernmental organization, in East Africa as a case study in "equity" based microfinance in low-income countries. Many small business established in high-income countries rely on some form of equity capital to fund the startup phase and much of the growth of the business. The success of startup grants and equity financing in high-income countries suggests that this method might also be applicable in low-income countries....[Show more]

CollectionsANU Research Publications
Date published: 2002
Type: Journal article
URI: http://hdl.handle.net/1885/94235
Source: World Development
DOI: 10.1016/S0305-750X(02)00044-X

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