The microfinance movement has built on innovations in financial intermediation that reduce the costs and risks of …

-covering levels without losing customers. This claim is at the core of sustainable microfinance strategies that aim to provide banking …

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 microfinance revolution has allowed more than 150 million poor people around the world to receive small loans … researchers around the world; the 2006 Nobel Peace Prize went to microfinance pioneer Muhammed Yunis and Grameen Bank of …. It introduces readers to the key ideas driving microfinance, integrating theory with empirical data and addressing a …