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Group versus individual liability: Long term evidence from Philippine microcredit lending groups
Giné, Xavier; Karlan, Dean - 2009
Group liability in microcredit purports to improve repayment rates through peer screening, monitoring, and enforcement. However, it may create excessive pressure, and discourage reliable clients from borrowing. Two randomized trials tested the overall effect, as well as specific mechanisms. The...
Persistent link: https://www.econbiz.de/10010282737
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Behavioral foundations of microcredit: Experimental and survey evidence from rural India
Bauer, Michal; Chytilová, Julie; Morduch, Jonathan - 2010
Microcredit is an innovative financial tool designed to reduce poverty and fix credit market imperfections. We use experimental measures of time discounting and risk aversion for villagers in south India to highlight behavioral features of microcredit. Conditional on borrowing from any source,...
Persistent link: https://www.econbiz.de/10010269753
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Group versus individual liability: A field experiment in the Philippines
Giné, Xavier; Karlan, Dean S. - 2007
Group liability is often portrayed as the key innovation that led to the explosion of the microcredit movement, which grew with the Grameen Bank in the 1970s and continues on today with hundreds of institutions around the world. Group liability claims to improve repayment rates and lower...
Persistent link: https://www.econbiz.de/10010264866
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Psychological and Social Motivations in Microfinance Contracts: Theory and Evidence
Dhami, Sanjit; Arshad, Junaid; al-Nowaihi, Ali - 2019
Microfinance contracts have enormous economic and welfare significance. We study, theoretically and empirically, the …
Persistent link: https://www.econbiz.de/10012052879
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Universalizing complete access to finance: Key conceptual issues
Rai, Suyash; Ananth, Bindu; Mor, Nachiket - 2010
In this paper, we present two stylized models of the financial system. We make the case that in order to realize the potential of a well-functioning complete financial market, financial system designers and financial service providers will need to think about ways to deliver financial...
Persistent link: https://www.econbiz.de/10010286094
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Investing into microfinance investment funds
Janda, Karel; Svárovská, Barbora - 2009
This paper investigates investment performance of microfinance investment funds. The examined funds have recorded lower … revealed that investment in microfinance investment funds that focus especially on debt instruments represents an attractive … investors with a particular interest in the socially responsible aspect of investment into microfinance. …
Persistent link: https://www.econbiz.de/10010322191
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Group Lending versus Individual Lending in Microfinance
Lehner, Maria - 2009
Microfinance is typically associated with joint liability of group members. However, a large part of microfinance … contracts. Moreover, we show that microfinance institutions offer group loans when the loan size is rather large, refinancing … costs are high, and competition between microfinance institutions is low. Otherwise, individual loans are offered …
Persistent link: https://www.econbiz.de/10010334012
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Economic or non-economic factors: What empowers women?
Swain, Ranjula Bali; Wallentin, Fang Yang - 2008
Microfinance programs like Self Help Group Bank linkage program (SHG), aim to empower women through provision of …
Persistent link: https://www.econbiz.de/10010321453
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What's Psychology Worth? A Field Experiment in the Consumer Credit Market
Bertrand, Marianne; Karlan, Dean S.; Mullainathan, Sendhil - 2005
Numerous laboratory studies report on behaviors inconsistent with rational economic models. How much do these inconsistencies matter in natural settings, when consumers make large, real decisions and have the opportunity to learn from experiences? We report on a field experiment designed to...
Persistent link: https://www.econbiz.de/10010369232
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Tying Odysseus to the Mast: Evidence from a Commitment Savings Product in the Philippines
Ashraf, Nava; Karlan, Dean S.; Yin, Wesley - 2005
We designed a commitment savings product for a Philippine bank and implemented it using a randomized control methodology. The savings product was intended for individuals who want to commit now to restrict access to their savings, and who were sophisticated enough to engage in such a mechanism....
Persistent link: https://www.econbiz.de/10010369236