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Demand Side Analysis of Microlending Markets in GermanyAlexander KritikosEuropa-Universitaet Viadrina - Fakultat fur Wirtschaftswissenschaften; German Institute for Economic Research (DIW Berlin); Institute for the Study of Labor (IZA) Christoph KneidingWorld Bank - Consultative Group to Assist the Poor (CGAP); German Institute for Economic Research (DIW Berlin) Claas Christian GermelmannSaarland University June 2009 DIW Berlin Discussion Paper No. 903 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.
Number of Pages in PDF File: 31 Keywords: Entrepreneurship, Microlending, Market Research JEL Classification: G21, D12, M31 working papers seriesDate posted: October 22, 2009Suggested CitationContact Information
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