A socioeconomic approach to the profile of microcredit holders from the Hispanic minority in the USA

This research has been funded by the Spanish Ministry of Economy and Competitiveness, Grant No. DER2016-76053R.

Detalles Bibliográficos
Autores: CRUZ RAMBAUD, SALVADOR, López Pascual, Joaquín, SANTANDREU, EMILIO M.
Tipo de recurso: artículo
Fecha de publicación:2023
País:España
Institución:Universidad Rey Juan Carlos
Repositorio:BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlos
OAI Identifier:oai:burjcdigital.urjc.es:10115/30573
Acceso en línea:https://hdl.handle.net/10115/30573
Access Level:acceso abierto
Palabra clave:Microcredit
Customer profile
Socioeconomic factors
Multinomial logit regression
Repayment
Microentrepreneurship
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spelling A socioeconomic approach to the profile of microcredit holders from the Hispanic minority in the USACRUZ RAMBAUD, SALVADORLópez Pascual, JoaquínSANTANDREU, EMILIO M.MicrocreditCustomer profileSocioeconomic factorsMultinomial logit regressionRepaymentMicroentrepreneurshipThis research has been funded by the Spanish Ministry of Economy and Competitiveness, Grant No. DER2016-76053R.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 Open202420242023info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/10115/30573reponame:BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlosinstname:Universidad Rey Juan CarlosInglésAtribución 4.0 Internacionalhttp://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:burjcdigital.urjc.es:10115/305732026-06-24T12:48:17Z
dc.title.none.fl_str_mv 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
spellingShingle A socioeconomic approach to the profile of microcredit holders from the Hispanic minority in the USA
CRUZ RAMBAUD, SALVADOR
Microcredit
Customer profile
Socioeconomic factors
Multinomial logit regression
Repayment
Microentrepreneurship
title_short 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_sort A socioeconomic approach to the profile of microcredit holders from the Hispanic minority in the USA
dc.creator.none.fl_str_mv CRUZ RAMBAUD, SALVADOR
López Pascual, Joaquín
SANTANDREU, EMILIO M.
author CRUZ RAMBAUD, SALVADOR
author_facet CRUZ RAMBAUD, SALVADOR
López Pascual, Joaquín
SANTANDREU, EMILIO M.
author_role author
author2 López Pascual, Joaquín
SANTANDREU, EMILIO M.
author2_role author
author
dc.subject.none.fl_str_mv Microcredit
Customer profile
Socioeconomic factors
Multinomial logit regression
Repayment
Microentrepreneurship
topic Microcredit
Customer profile
Socioeconomic factors
Multinomial logit regression
Repayment
Microentrepreneurship
description This research has been funded by the Spanish Ministry of Economy and Competitiveness, Grant No. DER2016-76053R.
publishDate 2023
dc.date.none.fl_str_mv 2023
2024
2024
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/10115/30573
url https://hdl.handle.net/10115/30573
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.rights.none.fl_str_mv Atribución 4.0 Internacional
http://creativecommons.org/licenses/by/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Atribución 4.0 Internacional
http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Springer Open
publisher.none.fl_str_mv Springer Open
dc.source.none.fl_str_mv reponame:BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlos
instname:Universidad Rey Juan Carlos
instname_str Universidad Rey Juan Carlos
reponame_str BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlos
collection BURJC-Digital. Repositorio Institucional de la Universidad Rey Juan Carlos
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,811543

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