How does the informal economy affect financial inclusion and entrepreneurial activity of consumers? We investigate the impact of informal lending on the types and terms of contracts offered by formal lenders, considering factors that facilitate informal lending activity such as social ties...

Based on automated credit lines to more than two million vendors trading on Alibaba’s online retail platform, we show how the take-up of FinTech credit varies with the entrepreneur’s bank distance. Proximity to the branches of the five largest stateowned banks correlates positively with the...

Entrepreneurship development is the backbone of nation’s economic development. It’s not big giants, large cap companies who add value to the national wealth but it is entrepreneurship or MSME’s. Contribution of MSME’s in employment generation, GDP, export, industrial output and most...