In light of the recent microfinance crisis in South India, government-run institutions in general, and primary … (microfinance institutions, informal lenders, etc.) before repaying their primary agricultural credit cooperative loans. The authors …

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

the treatment groups. -- microfinance ; group lending ; group liability ; joint liability ; social capital …

groups created after two years in the expansion areas. -- Microfinance ; group lending ; group liability ; joint liability …