This study uses original survey data from six villages in Orissa, India to identify and analyse the system of guarantee prevalent in informal sector markets with diverse socio-economic conditions. The survey data reveal that the system of guarantee available to the lenders is much more complex...

This paper examines the nature and roles of personalized control exercised by the rural moneylender over a class of poor borrowers to extract as much as possible in the form of high interest charges and income from undervalued and/or forfeited collaterals. Based on primary survey data from rural...