Serrano-Cinca, Carlos; Gutiérrez-Nieto, Begoña; … - Centre Emile Bernheim, Solvay Brussels School of … - 2013
A poverty penalty arises when the poor pay more than the non-poor to access goods and services. An example is the cost …. Microfinance Institutions (MFIs) usually justify the high interest rates on grounds of the high risk involved in microcredit, the … collection. After identifying and quantifying poverty penalty in different countries, this paper focuses on the Colombian case …