Template-type: ReDIF-Paper 1.0
Author-Name: Sonne, Lina
Author-Email: sonne@merit.unu.edu
Author-Workplace-Name: UNU-MERIT
Title: Financing pro-poor entrepreneur-based innovation: A review of existing 
	 literature 
Abstract: That innovation and entrepreneurship are important for poverty 
	 alleviation and development is well established. However, despite a 
	 general agreement that finance affects growth and development by 
	 supporting innovative activities in the economy, little has been written 
	 specifically on how pro-poor entrepreneur-based innovation in rural 
	 areas should be financed. This review explores the literature relevant 
	 to understanding financing of pro-poor innovation and entrepreneurship, 
	 and shows that financial theories are moving from linear supply-led 
	 subsidised credit approaches towards new, more systemic perspectives. 
	 These include theories on financial systems theories, microfinance, and 
	 financial access and inclusion. This review notes that a theoretical and 
	 policy gap exists as regards financing of pro-poor entrepreneur-based 
	 innovation in rural areas.
Classification-JEL: O16, O18, O31, R51
Keywords: Pro-poor finance, finance innovation, finance entrepreneurship,
	 financial innovation, rural finance
Series: UNU-MERIT Working Papers
Creation-Date: 2010
Number: 038
File-URL: http://www.merit.unu.edu/publications/wppdf/2010/wp2010-038.pdf
File-Format: application/pdf
File-Size: 275 Kb
Handle: RePEc:unm:unumer:2010038