Entrepreneurship is viewed as a major tool in the effort to address poverty in emerging economies. Yet financing for such entrepreneurial ventures remains a major challenge. To date, most research on financing of entrepreneurial ventures among those in poverty in emerging economies has focused on formal financial tools such as microfinancing. However, a far larger financing tool employed in practice is informal financing. Such financing takes the shape of loans by family/friends/neighbors, private money lenders, or rotating savings groups. Very little is known about how these finance tools affect entrepreneurship. This article reviews the existing literature on informal finance in emerging economies and then develops a rich research agenda for scholars on informal finance in emerging economies and its role in entrepreneurship.

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贫困环境中的非正式金融：为未来的创业研究制定议程

企业家精神被视为解决新兴经济体贫困问题的主要工具。然而，为此类创业企业融资仍然是一项重大挑战。迄今为止，大多数关于新兴经济体贫困人群创业融资的研究都集中在小额融资等正规金融工具上。然而，在实践中使用的一个更大的融资工具是非正规融资。此类融资的形式为家人/朋友/邻居、私人放债人或轮换储蓄团体的贷款。人们对这些金融工具如何影响创业知之甚少。本文回顾了有关新兴经济体非正规金融的现有文献，然后为新兴经济体非正规金融及其在创业中的作用的学者制定了丰富的研究议程。