Gine, Xavier; Jakiela, Pamela; Karlan, Dean; Morduch, … - Economics Research, World Bank Group - 2006
Microfinance has been heralded as an effective way to address imperfections in credit markets. But from a theoretical … perspective, the success of microfinance contracts has puzzling elements. In particular, the group-based mechanisms often employed … different games that allow them to unpack microfinance mechanisms in a systematic way. They find that risk-taking broadly …