Baland, Jean-Marie; Guirkinger, Catherine; Mali, Charlotte - In: Economic Development and Cultural Change 60 (2011) 1, pp. 1-1
From field observations of credit cooperatives in Cameroon, we find that 19% of the loans taken are fully collateralized by savings held in the same institutions. This behavior is costly to the borrower, as it represents a net interest payment of about 24% per year. While traditional...
