Bahta, Yonas Tesfamariam; Groenewald, Jan A. - International Association of Agricultural Economists - IAAE - 2006
Developing countries' small-scale farmers lack access to financial services. In the Eritrean Savings and Micro- Credit program (SMCP), solidarity groups are jointly responsible for individual members' loans; this reduces transaction costs, improves repayment and substitutes for collateral....