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EPISODE · Jun 3, 2026 · 21 MIN

How do informal markets work?

from Chicago Booth Review Podcast

Much of the world's economy is informal, with transactions taking place in street markets. How does business credit operate in that environment? Chicago Booth's Rimmy Tomy talks about her research on the huge Iewduh bazaar in Shillong, the largest and oldest market in northeast India. Tomy finds that vendors often prefer not to share business metrics with lenders. So how do they get credit?

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How do informal markets work?

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How long is this episode of Chicago Booth Review Podcast?

This episode is 21 minutes long.

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This episode was published on June 3, 2026.

What is this episode about?

Much of the world's economy is informal, with transactions taking place in street markets. How does business credit operate in that environment? Chicago Booth's Rimmy Tomy talks about her research on the huge Iewduh bazaar in Shillong, the largest...

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