Microcredit ecosystem in cape verde eligibility criteria for an individual or a group to receive microcredit in Cape Verde

• Autor(a) principal: Ribeiro, Mariana Filipa Mendes
• Data de Publicação: 2022
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10362/152689
• topic: Financial inclusion; Development economics; Microcredit; Cabo Verde; Microfinance; Small and medium enterprises; Domínio/Área Científica::Ciências Sociais::Economia e Gestão

Banco de Cape Verde (BCV) is the Central Bank of the Republic of Cape Verde whose mission is to ensure macro-financial stability for sustainable and inclusive economic growth and social development. Consequently, it supports micro, small, and medium enterprises through microcredits disbursed granted by microfinance institutions. We conducted interviews with microcredit stakeholders in the country and developed a qualitative analysis of the ecosystem. We analysed the microcredit provision of one Cape Verdean institution and illustrated trends and evolution in fostering financial inclusion through microcredits disbursed in 2012 and 2019. The result shows an increase in microcredits allocated to females and there is evidence of the diversification of the activities engaged by the recipients. The individual part assesses what are the eligibility criteria to benefit from a microloan in Cape Verde and how these criteria differ from institution to institution and country to country. Therefore, it is made a descriptive analysis and a comparison between three microcredit institutions in Cape Verde and two financial institutions out of Cape Verde, regarding the target, socioeconomic and geographical characteristics, personality traits, business idea and its viability, collateral, reimbursement, reinforcement credits and documents required.