6.3. LEGAL STATUS Table 6.1 gives the legal structure of the vendor organizations, in terms of being a public limited company, private limited company, partnership or sole proprietor. Table 6.1 LEGAL STATUS OF SAMPLE VENDORS (%) Formal Informal Public Limited Company 22.7 0.0 Private Limited Company 59.1 75.0 Partnership 4.5 8.3 Sole Proprietor 13.6 16.7 Total 100.0 100.0 Source: Estimated from Survey Data. It is clear from above that vendors in the formal sector have a more sophisticated legal status, either as public or private limited company. In the case of informal vendors, there is no public limited company and a higher presence of partnership or sole proprietorship. Given the nature of formal vendors, with higher standards of financial reporting and accountability, it is likely that they have greater access to credit from the banking system or the capital market.
