Can Public Credit Schemes Improve Access to Finance for Small Businesses? Evidence from Indonesia
Examining one of the world’s largest public business support programs, this paper studies how subsidized credit and partial credit guarantees shape access to finance for micro and small businesses in Indonesia. The analysis uses administrative data on more than 8.4 million borrowers and unique quant...
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| creator | Alibha, Salman Johnson, Hillary C Niang, Cecile Thioro Strobbe, Francesco |
| description | Examining one of the world’s largest
public business support programs, this paper studies how
subsidized credit and partial credit guarantees shape access
to finance for micro and small businesses in Indonesia. The
analysis uses administrative data on more than 8.4 million
borrowers and unique quantitative and qualitative data to
show that subsidized credit can enable firms to access
formal credit for the first time and boost financial
inclusion. However, subsidized credit does not alleviate
longer-term credit constraints by serving as a stepping
stone to unsubsidized commercial credit in this context. The
results highlight the challenge of reaching borrowers
without collateral, even in programs that explicitly target
them using instruments such as partial credit guarantees.
The paper sheds light on how public credit schemes for small
businesses can be designed to optimize inclusiveness and additionality. |
| format | Article |
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public business support programs, this paper studies how
subsidized credit and partial credit guarantees shape access
to finance for micro and small businesses in Indonesia. The
analysis uses administrative data on more than 8.4 million
borrowers and unique quantitative and qualitative data to
show that subsidized credit can enable firms to access
formal credit for the first time and boost financial
inclusion. However, subsidized credit does not alleviate
longer-term credit constraints by serving as a stepping
stone to unsubsidized commercial credit in this context. The
results highlight the challenge of reaching borrowers
without collateral, even in programs that explicitly target
them using instruments such as partial credit guarantees.
The paper sheds light on how public credit schemes for small
businesses can be designed to optimize inclusiveness and additionality.</description><language>eng</language><publisher>Washington, DC: World Bank</publisher><subject>FINANCIAL INCLUSION ; GOVERNMENT CREDIT PROGRAMS ; INDUSTRY, INNOVATION AND INFRASTRUCTURE ; INTEREST RATES ; MICRO-SMALL AND MEDIUM ENTERPRISES ; PARTIAL CREDIT GUARANTEES ; SDG 9 ; SUBSIDIZED CREDIT</subject><creationdate>2024-09</creationdate><rights>CC BY 3.0 IGO https://creativecommons.org/licenses/by/3.0/igo/ World Bank</rights><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>776,780,18962</link.rule.ids><linktorsrc>$$Uhttps://hdl.handle.net/10986/42127$$EView_record_in_World_Bank$$FView_record_in_$$GWorld_Bank$$Hfree_for_read</linktorsrc></links><search><creatorcontrib>Alibha, Salman</creatorcontrib><creatorcontrib>Johnson, Hillary C</creatorcontrib><creatorcontrib>Niang, Cecile Thioro</creatorcontrib><creatorcontrib>Strobbe, Francesco</creatorcontrib><title>Can Public Credit Schemes Improve Access to Finance for Small Businesses? Evidence from Indonesia</title><description>Examining one of the world’s largest
public business support programs, this paper studies how
subsidized credit and partial credit guarantees shape access
to finance for micro and small businesses in Indonesia. The
analysis uses administrative data on more than 8.4 million
borrowers and unique quantitative and qualitative data to
show that subsidized credit can enable firms to access
formal credit for the first time and boost financial
inclusion. However, subsidized credit does not alleviate
longer-term credit constraints by serving as a stepping
stone to unsubsidized commercial credit in this context. The
results highlight the challenge of reaching borrowers
without collateral, even in programs that explicitly target
them using instruments such as partial credit guarantees.
The paper sheds light on how public credit schemes for small
businesses can be designed to optimize inclusiveness and additionality.</description><subject>FINANCIAL INCLUSION</subject><subject>GOVERNMENT CREDIT PROGRAMS</subject><subject>INDUSTRY, INNOVATION AND INFRASTRUCTURE</subject><subject>INTEREST RATES</subject><subject>MICRO-SMALL AND MEDIUM ENTERPRISES</subject><subject>PARTIAL CREDIT GUARANTEES</subject><subject>SDG 9</subject><subject>SUBSIDIZED CREDIT</subject><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2024</creationdate><recordtype>article</recordtype><sourceid>VO9</sourceid><recordid>eNqdy00OgjAQQGE2Lox6h7mAiSBRXBklENmZ4J6UdtCGdoa0_MTbS4wncPUWX94yEKkguA-10RJSh0r3UMoXWvRQ2M7xiHCREr2HniHXJEgiNOygtMIYuA5e06zoz5CNWuGXHVsoSPEsWqyDRSOMx82vqyDOs0d6207sjKoFtRV3SC3xZFA90WHHXvfs3lW4OyWHKo7C6Lj_c_sAXElNPw</recordid><startdate>20240906</startdate><enddate>20240906</enddate><creator>Alibha, Salman</creator><creator>Johnson, Hillary C</creator><creator>Niang, Cecile Thioro</creator><creator>Strobbe, Francesco</creator><general>Washington, DC: World Bank</general><scope>VO9</scope></search><sort><creationdate>20240906</creationdate><title>Can Public Credit Schemes Improve Access to Finance for Small Businesses? Evidence from Indonesia</title><author>Alibha, Salman ; Johnson, Hillary C ; Niang, Cecile Thioro ; Strobbe, Francesco</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-worldbank_openknowledgerepository_10986_421273</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2024</creationdate><topic>FINANCIAL INCLUSION</topic><topic>GOVERNMENT CREDIT PROGRAMS</topic><topic>INDUSTRY, INNOVATION AND INFRASTRUCTURE</topic><topic>INTEREST RATES</topic><topic>MICRO-SMALL AND MEDIUM ENTERPRISES</topic><topic>PARTIAL CREDIT GUARANTEES</topic><topic>SDG 9</topic><topic>SUBSIDIZED CREDIT</topic><toplevel>online_resources</toplevel><creatorcontrib>Alibha, Salman</creatorcontrib><creatorcontrib>Johnson, Hillary C</creatorcontrib><creatorcontrib>Niang, Cecile Thioro</creatorcontrib><creatorcontrib>Strobbe, Francesco</creatorcontrib><collection>Open Knowledge Repository</collection></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext_linktorsrc</fulltext></delivery><addata><au>Alibha, Salman</au><au>Johnson, Hillary C</au><au>Niang, Cecile Thioro</au><au>Strobbe, Francesco</au><format>book</format><genre>document</genre><ristype>GEN</ristype><atitle>Can Public Credit Schemes Improve Access to Finance for Small Businesses? Evidence from Indonesia</atitle><date>2024-09-06</date><risdate>2024</risdate><abstract>Examining one of the world’s largest
public business support programs, this paper studies how
subsidized credit and partial credit guarantees shape access
to finance for micro and small businesses in Indonesia. The
analysis uses administrative data on more than 8.4 million
borrowers and unique quantitative and qualitative data to
show that subsidized credit can enable firms to access
formal credit for the first time and boost financial
inclusion. However, subsidized credit does not alleviate
longer-term credit constraints by serving as a stepping
stone to unsubsidized commercial credit in this context. The
results highlight the challenge of reaching borrowers
without collateral, even in programs that explicitly target
them using instruments such as partial credit guarantees.
The paper sheds light on how public credit schemes for small
businesses can be designed to optimize inclusiveness and additionality.</abstract><pub>Washington, DC: World Bank</pub><oa>free_for_read</oa></addata></record> |
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| subjects | FINANCIAL INCLUSION GOVERNMENT CREDIT PROGRAMS INDUSTRY, INNOVATION AND INFRASTRUCTURE INTEREST RATES MICRO-SMALL AND MEDIUM ENTERPRISES PARTIAL CREDIT GUARANTEES SDG 9 SUBSIDIZED CREDIT |
| title | Can Public Credit Schemes Improve Access to Finance for Small Businesses? Evidence from Indonesia |
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