value chain relationships: value chain microfinance (VCMF). We first explore how VCMF can both overcome barriers to … microfinance studying the demand for and effects of VCMF in credit, insurance, and savings markets. We conclude by highlighting …

We conduct the first field experiment of a performance-contingent microfinance contract. A large food multinational … large positive impacts from the contractual innovations. These findings demonstrate the economic appeal of microfinance …

of microfinance. Random variation in the frequency of mandatory meetings across first-time borrower groups generates …

highlighting the role of reputation mechanisms in sustaining cooperation. Reputational concerns can deter defection in one …-time interactions within a group, but the informational content of reputation can differ across groups. We consider two types of … information. Punishment-based reputation (a "culture of honor") represents past sanctioning behavior of individuals, while a …