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and 2014. We looked at the role of microfinance as a bridge for MSMEs to access credit, however our results show that this … have much opportunity to access credit from formal microfinance institutions. In addition, MSMEs in rural areas have …
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We study theoretically and empirically the demand for microcredit under different liability arrangements and risk … environments. A theoretical model shows that the demand for joint-liability loans can exceed that for individual-liability loans … when risk-averse borrowers value their long-term relationship with the lender. Joint liability then offers a way to …
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Many reforms have taken place in Indonesia following the Asian financial crisis of 1997 - 1998. The government has embarked upon institutional transformation, making the country one of the region's most vibrant democracies. In social, economic, and political areas, Indonesia has seen much...
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