Mentoring relationship and lending: evidence from a business development programme in a small state Caribbean economy Online publication date: Tue, 21-Oct-2014
by J.K. Mullen; T.A. Carmichael; M. Williams
International Journal of Entrepreneurship and Small Business (IJESB), Vol. 14, No. 2, 2011
Abstract: Caribbean economies typically face severe challenges in efforts to establish sources of start-up capital, both for general and youth-oriented business development initiatives. In fact, very little is known about the effectiveness of lending programmes created to facilitate access to financial resources by those with limited credit histories. Since 1996, funds provided by the Barbados Youth Business Trust (BYBT) programme have been used to provide start-up capital to youths who have been denied access to credit markets. This study uses BYBT loan application data to examine the determinants of initial financing to entrepreneurs. In the absence of credit scores and related financial information, BYBT must rely on other characteristics of applicants to assess their loan worthiness. An empirical model is used to examine the role of financial and personal information, as well as the presence of a mentoring relationship, in the loan approval process.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Entrepreneurship and Small Business (IJESB):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook