market-friendly business model and supporting scheme to help SMEs gain access to credit on a sustainable basis. Given the … success of microfinance around the world, a large number of commercial banks have made a profitable business out of this … sector. This paper explores various business models by commercial banks in microfinance and provides policy implications for …

business lending in local credit markets. Along the price dimension, our analysis reveals that interest rates increase with … dimension, we observe that more distant borrowers are more likely to experience binding credit limits. We also show that the …