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Group versus individual liability: Short and long term evidence from Philippine microcredit lending groups

Giné, Xavier; Karlan, Dean S. - In: Journal of Development Economics 107 (2014) C, pp. 65-83

Group liability in microcredit purports to improve repayment rates through peer screening, monitoring, and enforcement. However, it may create excessive pressure, and discourage reliable clients from borrowing. Two randomized trials tested the overall effect, as well as specific mechanisms. The...

Persistent link: https://www.econbiz.de/10010753697

You Can Pick Your Friends, But You Need to Watch Them: Loan Screening and Enforcement in a Referrals Field Experiment

Bryan, Gharad; Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2012

We examine a randomized trial that allows separate identification of peer screening and enforcement of credit contracts. A South African microlender offered half its clients a bonus for referring a friend who repaid a loan. For the remaining clients, the bonus was conditional on loan approval....

Persistent link: https://www.econbiz.de/10011083275

Group versus Individual Liability: A Field Experiment in the Philippines

Giné, Xavier; Karlan, Dean S. - C.E.P.R. Discussion Papers - 2007

Group liability is often portrayed as the key innovation that led to the explosion of the microcredit movement, which started with the Grameen Bank in the 1970s and continues on today with hundreds of institutions around the world. Group lending claims to improve repayment rates and lower...

Persistent link: https://www.econbiz.de/10005656151

Social Connections and Group Banking

Karlan, Dean S. - C.E.P.R. Discussion Papers - 2007

Lending to the poor is expensive due to high screening, monitoring, and enforcement costs. Group lending advocates believe lenders overcome this by harnessing social connections. Using data from FINCA-Peru, I exploit a quasi random group formation process to find evidence of peers successfully...

Persistent link: https://www.econbiz.de/10005791873

Group lending or individual lending? : evidence from a randomised field experiment in Mongolia

Attanasio, Orazio P.; Augsburg, Britta; Haas, Ralph de; … - 2011

Although microfinance institutions across the world are moving from group lending towards individual lending, this …

Persistent link: https://www.econbiz.de/10009388959

Group lending with correlated project outcomes

Katzur, Tomek; Lensink, Robert - In: Economics Letters 117 (2012) 2, pp. 445-447

This paper shows that positive correlation between project outcomes may improve the efficiency of microfinance group …

Persistent link: https://www.econbiz.de/10010580438

The theory of credit contracts : with a focus on group lending

Prem, Christian - 2020

Persistent link: https://www.econbiz.de/10012157308

The Theory of Credit Contracts : With a Focus on Group Lending

Prem, Christian - 2020 - 1st ed. 2020.

A structural analysis of credit contract theory -- The treatment of credit contract theory in the literature -- A standardisation of credit contract theory -- Joint liability and its potential to cause adverse selection instead of resolving it -- The perverse effect of joint liability and its...

Persistent link: https://www.econbiz.de/10012399247

Repayment performance in group lending: Evidence from Jordan

Al-Azzam, Moh'd; Carter Hill, R.; Sarangi, Sudipta - In: Journal of Development Economics 97 (2012) 2, pp. 404-414

Using data from a survey of 160 urban borrowing groups of the Microfund for Women in Jordan, we investigate the effect of screening, peer monitoring, group pressure, and social ties on borrowing groups' repayment behavior as an indirect test of different theoretical models. The dependent...

Persistent link: https://www.econbiz.de/10010574954

Experiments in Islamic microfinance

El-Komi, Mohamed; Croson, Rachel - In: Journal of Economic Behavior & Organization 95 (2013) C, pp. 252-269

Microfinance has been identified as an important tool in increasing the productivity of the poor and in aiding economic … microfinance contracts which involve the payment of interest. This paper describes and experimentally tests Islamic …-compliant microfinance products in the context of information asymmetry and costly state verification. We find significantly higher …

Persistent link: https://www.econbiz.de/10010719260

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