tailieunhanh - A comparative study between informal and formal finance: A literature review

The informal credit system is a prevailing form of economic exchange in emerging countries. It is the predominant form of credit in rural communities because it is based on a culture of reciprocity (Family participation-relativesLoyalty-friends-Neighbour). Informal finance contributes significantly to the growth of small and medium-sized enterprises (SMEs). | A comparative study between informal and formal finance: A literature review