International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

A Perspective on Informal Entrepreneurs who have never used Micro Financing: An Exploratory Study in the Informal Footwear Bogotanian Industry
Patiño, Omar; Salcedo-Pérez, Carlos

This article is based on the results of an exploratory study about financial behaviors of informal footwear entrepreneurs in Bogota, Colombia. It contains an analysis of entrepreneurs who specifically have never had a loan with a micro financing institution. The article contains the analysis of their answers related characteristics they prefer in a financing institution and, in case they have an informal loan, why they decided to use informal credit instead of other type of formal loan.

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