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Hire purchase and microenterprise finance in Durban, South Africa
Apart from finance from savings and from family, hire purchase was the most commonly used source of business finance for microenterprises, according to a survey in South Africa. The advantages to the microenterprise are the speed and low administrative costs of processing the loan usingtrade references to establish credit-worthiness. Hire purchase is also valuable to retailers and manufacturers to boost sales. This article suggests that, as computerization increases in developing countries, speedy credit searches, as used successfully for hire purchase agreements in South
Africa, could become much more widespread in the processing of micro-credit.
Apart from finance from savings and from family, hire purchase was the most commonly used source of business finance for microenterprises, according to a survey in South Africa. The advantages to the microenterprise are the speed and low administrative costs of processing the loan using
trade references to establish credit-worthiness. Hire purchase is also valuable to retailers and manufacturers to boost sales. This article suggests that, as computerization increases in developing countries, speedy credit searches, as used successfully for hire purchase agreements in South
Africa, could become much more widespread in the processing of micro-credit.
trade references to establish credit-worthiness. Hire purchase is also valuable to retailers and manufacturers to boost sales. This article suggests that, as computerization increases in developing countries, speedy credit searches, as used successfully for hire purchase agreements in South
Africa, could become much more widespread in the processing of micro-credit.
Concentration, competition policy and the role of small and medium‐sized enterprises in South Africa's industrial development
Kaplinsky, Raphael
Manning, Claudia
Journal of Development Studies, Vol. 35 (1998), Iss. 1 P.139
https://doi.org/10.1080/00220389808422558 [Citations: 25]Tabs navigation
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