Lending a hand : an exploration of Toronto's values-based Lenders, and the role of relationships in SME lending
This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections.
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| Other Authors: | |
| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2020
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| Online Access: | https://hdl.handle.net/1721.1/123933 |
| _version_ | 1811002949923504128 |
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| author | Porter, Ayrlea J. |
| author2 | Karilyn Crockett. |
| author_facet | Karilyn Crockett. Porter, Ayrlea J. |
| author_sort | Porter, Ayrlea J. |
| collection | MIT |
| description | This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. |
| first_indexed | 2024-09-23T15:56:40Z |
| format | Thesis |
| id | mit-1721.1/123933 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T15:56:40Z |
| publishDate | 2020 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/1239332020-03-02T03:03:14Z Lending a hand : an exploration of Toronto's values-based Lenders, and the role of relationships in SME lending Porter, Ayrlea J. Karilyn Crockett. Massachusetts Institute of Technology. Department of Urban Studies and Planning. Massachusetts Institute of Technology. Department of Urban Studies and Planning Urban Studies and Planning. This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. Thesis: M.C.P., Massachusetts Institute of Technology, Department of Urban Studies and Planning, 2019 Cataloged from student-submitted PDF version of thesis. Includes bibliographical references (pages 98-102). In the financial services industry, especially in the wake of the financial crisis, there has been a call for financial institutions to employ their capital for positive impact. While banks have traditionally worked to maximize value for shareholders, this movement has sparked interest in alternative banking models that incorporate social and environmental values. There are numerous names for this view of banking, among them, values-based, regenerative, ethical, sustainable, social, alternative, development and solidarity banking. Many values-based institutions have smaller, more local footprints when compared to traditional banks, which makes them well-suited to lend to small and medium-sized businesses ("SMEs"). While SMEs are a vital component of any local economy, they often face challenges obtaining credit from traditional banks. There is an opportunity for values-based lenders to provide credit to SME borrowers that are unserved or underserved by traditional lenders, and in doing so support the social, environmental, and economic sustainability of local communities. This thesis explores the current state of values-based lending to SMEs in Toronto, Canada. The Toronto financial market is dominated by a handful of large domestic banks; however, there is a gap between the credit requirements of SMEs, and what the traditional banking market is willing and able to supply. The author concludes that values-based lenders serve an important role in the Toronto SME lending market, filling numerous gaps left by traditional banks. These lenders are able to employ more qualitative, subjective and relationship-based methods in credit risk assessment and lending decisions. by Ayrlea J. Porter. M.C.P. M.C.P. Massachusetts Institute of Technology, Department of Urban Studies and Planning 2020-02-28T20:51:38Z 2020-02-28T20:51:38Z 2019 2019 Thesis https://hdl.handle.net/1721.1/123933 1140204645 eng MIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission. http://dspace.mit.edu/handle/1721.1/7582 102 pages application/pdf n-cn--- Massachusetts Institute of Technology |
| spellingShingle | Urban Studies and Planning. Porter, Ayrlea J. Lending a hand : an exploration of Toronto's values-based Lenders, and the role of relationships in SME lending |
| title | Lending a hand : an exploration of Toronto's values-based Lenders, and the role of relationships in SME lending |
| title_full | Lending a hand : an exploration of Toronto's values-based Lenders, and the role of relationships in SME lending |
| title_fullStr | Lending a hand : an exploration of Toronto's values-based Lenders, and the role of relationships in SME lending |
| title_full_unstemmed | Lending a hand : an exploration of Toronto's values-based Lenders, and the role of relationships in SME lending |
| title_short | Lending a hand : an exploration of Toronto's values-based Lenders, and the role of relationships in SME lending |
| title_sort | lending a hand an exploration of toronto s values based lenders and the role of relationships in sme lending |
| topic | Urban Studies and Planning. |
| url | https://hdl.handle.net/1721.1/123933 |
| work_keys_str_mv | AT porterayrleaj lendingahandanexplorationoftorontosvaluesbasedlendersandtheroleofrelationshipsinsmelending |