Cargando…
A socioeconomic approach to the profile of microcredit holders from the Hispanic minority in the USA
The subject of this study is the microcredit market in the USA, more specifically in Florida. The justification for choosing this specific state is the massive presence of the Hispanic population. This will facilitate a generalization of the obtained results to the microcredit market in Latin Americ...
Autores principales: | , , |
---|---|
Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Springer Berlin Heidelberg
2023
|
Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9829533/ https://www.ncbi.nlm.nih.gov/pubmed/36643682 http://dx.doi.org/10.1186/s40854-022-00422-w |
_version_ | 1784867478750363648 |
---|---|
author | Cruz Rambaud, Salvador López Pascual, Joaquín Santandreu, Emilio M. |
author_facet | Cruz Rambaud, Salvador López Pascual, Joaquín Santandreu, Emilio M. |
author_sort | Cruz Rambaud, Salvador |
collection | PubMed |
description | The subject of this study is the microcredit market in the USA, more specifically in Florida. The justification for choosing this specific state is the massive presence of the Hispanic population. This will facilitate a generalization of the obtained results to the microcredit market in Latin American countries. Thus, the objective of this study is to analyze the profile of microcredit holders and their companies from socioeconomic and financial points of view. As our data also consider the degree of repayment of the microloans included in the sample, the clients’ profile is related to the punctuality or default of their corresponding loan repayments using the methodology of multinomial logit regression. The variables used in this study refer to personal information concerning borrowers (gender, age, education level, and marital status), the economic situation of their respective companies (closeness to the lender, number of workers, and revenues), and the characteristics of granted loans (principal, term, and purpose). However, the results of the regression show that only two variables are significant at the 5% significance level: the borrower’s age, which has a positive effect on repayment punctuality, and the loan term, which exhibits a negative effect. The findings of this study have clear implications, as they can help lenders design suitable microloans adjusted to customer profiles. Finally, future research should include other demographics and characteristics of affected companies. |
format | Online Article Text |
id | pubmed-9829533 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | Springer Berlin Heidelberg |
record_format | MEDLINE/PubMed |
spelling | pubmed-98295332023-01-10 A socioeconomic approach to the profile of microcredit holders from the Hispanic minority in the USA Cruz Rambaud, Salvador López Pascual, Joaquín Santandreu, Emilio M. Financ Innov Research The subject of this study is the microcredit market in the USA, more specifically in Florida. The justification for choosing this specific state is the massive presence of the Hispanic population. This will facilitate a generalization of the obtained results to the microcredit market in Latin American countries. Thus, the objective of this study is to analyze the profile of microcredit holders and their companies from socioeconomic and financial points of view. As our data also consider the degree of repayment of the microloans included in the sample, the clients’ profile is related to the punctuality or default of their corresponding loan repayments using the methodology of multinomial logit regression. The variables used in this study refer to personal information concerning borrowers (gender, age, education level, and marital status), the economic situation of their respective companies (closeness to the lender, number of workers, and revenues), and the characteristics of granted loans (principal, term, and purpose). However, the results of the regression show that only two variables are significant at the 5% significance level: the borrower’s age, which has a positive effect on repayment punctuality, and the loan term, which exhibits a negative effect. The findings of this study have clear implications, as they can help lenders design suitable microloans adjusted to customer profiles. Finally, future research should include other demographics and characteristics of affected companies. Springer Berlin Heidelberg 2023-01-10 2023 /pmc/articles/PMC9829533/ /pubmed/36643682 http://dx.doi.org/10.1186/s40854-022-00422-w Text en © The Author(s) 2023 https://creativecommons.org/licenses/by/4.0/Open AccessThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) . |
spellingShingle | Research Cruz Rambaud, Salvador López Pascual, Joaquín Santandreu, Emilio M. A socioeconomic approach to the profile of microcredit holders from the Hispanic minority in the USA |
title | A socioeconomic approach to the profile of microcredit holders from the Hispanic minority in the USA |
title_full | A socioeconomic approach to the profile of microcredit holders from the Hispanic minority in the USA |
title_fullStr | A socioeconomic approach to the profile of microcredit holders from the Hispanic minority in the USA |
title_full_unstemmed | A socioeconomic approach to the profile of microcredit holders from the Hispanic minority in the USA |
title_short | A socioeconomic approach to the profile of microcredit holders from the Hispanic minority in the USA |
title_sort | socioeconomic approach to the profile of microcredit holders from the hispanic minority in the usa |
topic | Research |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9829533/ https://www.ncbi.nlm.nih.gov/pubmed/36643682 http://dx.doi.org/10.1186/s40854-022-00422-w |
work_keys_str_mv | AT cruzrambaudsalvador asocioeconomicapproachtotheprofileofmicrocreditholdersfromthehispanicminorityintheusa AT lopezpascualjoaquin asocioeconomicapproachtotheprofileofmicrocreditholdersfromthehispanicminorityintheusa AT santandreuemiliom asocioeconomicapproachtotheprofileofmicrocreditholdersfromthehispanicminorityintheusa AT cruzrambaudsalvador socioeconomicapproachtotheprofileofmicrocreditholdersfromthehispanicminorityintheusa AT lopezpascualjoaquin socioeconomicapproachtotheprofileofmicrocreditholdersfromthehispanicminorityintheusa AT santandreuemiliom socioeconomicapproachtotheprofileofmicrocreditholdersfromthehispanicminorityintheusa |