"Microfinance has been heralded as an effective way to address imperfections in credit markets. But from a theoretical … perspective, the success of microfinance contracts has puzzling elements. In particular, the group-based mechanisms often employed … different games that allow them to unpack microfinance mechanisms in a systematic way. They find that risk-taking broadly …

"Microfinance contracts have proven able to secure high rates of loan repayment in the face of limited liability and …, though, is at the heart of the promise that microfinance can deliver poverty reduction while not relying on ongoing subsidy …

key microfinance approaches in India, taking a close look at the most dominant among these, the Self Help Group (SHG) Bank …: India's rural poor currently have very little access to finance from formal sources. Microfinance approaches have tried to … microfinance approaches to coexist. Private sector microfinanciers need to acquire greater professionalism, and the government can …