change. It is in this context that microfinance merits a closer look. This paper offers the first empirical assessment of the … linkages between microfinance supported activities and adaptation to climate change. Specifically, the lending portfolios of … the 22 leading microfinance institutions in two climate vulnerable countries – Bangladesh and Nepal - are analysed to …

increase expected recovery rates on collateral. Using unique data that provides ex-ante appraised liquidation values on secured … that movable collateral, which is less redeployable, susceptible to agency problems, and faster to depreciate, exhibits …