This paper focuses on the dynamic aspects of group-lending, in particular sequential financing and contingent renewal …

lending mechanisms that include saving opportunities. We document the group lending mechanism used by a typical microfinance …This paper shows that subsidising the cost of capital restricts the ability of the poorest to participate in the group …

: microfinance, group lending, information asymmetries, contract theory, experimental economics … microfinance mechanism, often called a “group lending” or “joint liability” contract; it is based on models first employed in … the “group lending” approach described in the previous section. In the joint liability treatments, each participant was …

district of Kerala. It argues that 100 per cent repayment by members need not always indicate the success of group lending. As …