microfinance usually ignore the multi-way heterogeneity across MFIs which vary substantially in size, business model, target …

Microfinance institutions (MFIs) are a prominent financial inclusion initiative in many developing countries. In … Zimbabwe, however, less is known about microfinance borrowers, determinants of loan utilisation and borrowers’ repayment … investigated the factors associated with the utilisation of microfinance loans and delinquency among microfinance borrowers using …

associated with the first-order condition for an optimal bank contract to recover the unobserved distribution of liquidity needs … from the observed distribution of total bank withdrawals. I use a numerical simulation to illustrate the estimation …