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Many microenterprises in developing countries have high returns to capital, but also face risky revenue streams. In principle, equity offers several advantages over debt when financing investments of this nature, but the use of equity in practice has been largely limited to investments in much...
Persistent link: https://www.econbiz.de/10012889427
This paper assesses the consequences of implementing a joint liability debt system in a two-country small open economy model. With joint liability a default of one country makes the other participant liable for its debt. The results highlight a trade-off between the contagion risk, in the sense...
Persistent link: https://www.econbiz.de/10012859524
This study collaborated with the Entrepreneurial Finance Lab and a large bank in Peru to use psychometrics for small and medium-size enterprise lending. Applicants used a psychometric tool and those who achieved a score higher than a threshold were offered a loan. Using a regression...
Persistent link: https://www.econbiz.de/10012931648
the first randomized controlled trial-based evidence on this question. Households in rural Bihar, India, were offered low …
Persistent link: https://www.econbiz.de/10012959136
In democracies, innovative political institutions have opened up scope for direct public participation often in the form of talk: citizens talking to the state and mutual talk among citizens on matters concerning community development. A prominent example is the Indian gram sabha, or village...
Persistent link: https://www.econbiz.de/10012970986
Self-help groups (SHGs) are the most common form of microfinance in India. The authors provide evidence that SHGs … technology of providing public goods. Using first-hand data on SHGs in India, the paper tests the prediction of the model and …
Persistent link: https://www.econbiz.de/10012971175
features of rainfall insurance contracts offered in India since 2003, and documents stylized facts about market demand and the …
Persistent link: https://www.econbiz.de/10012976324
liability structure offered by a microfinance program in India, which shifted from individual to group liability lending. The …Microfinance, the provision of small individual and business loans, has witnessed dramatic growth, reaching over 150 …
Persistent link: https://www.econbiz.de/10012976367
industrial growth in India. The expected annual sales growth rate of an enterprise is lower where labor regulation is greater …
Persistent link: https://www.econbiz.de/10012747623
This paper evaluates effectiveness of microfinance using Propensity Score Matching (PSM) method applied to data … the original study and provide more nuanced evidence by comparing Microfinance Institution (MFI) borrowers to those … true microfinance impact. The results suggest that microfinance can make a modest difference for some households in several …
Persistent link: https://www.econbiz.de/10012958503