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exogenous change in the liability structure offered by a microfinance program in India, which shifted from individual to group …Microfinance, the provision of small individual and business loans, has experienced dramatic growth, reaching over 150 … million borrowers worldwide. Much of the success of microfinance has been attributed to attempts to overcome the challenges of …
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Many reforms have taken place in Indonesia following the Asian financial crisis of 1997 - 1998. The government has embarked upon institutional transformation, making the country one of the region's most vibrant democracies. In social, economic, and political areas, Indonesia has seen much...
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Using a large dataset of US investors and their portfolio startups, we analyze the phenomenon of micro VC investors, that is, VC firms managing funds smaller than $50 million. We show that investments by micro VCs have increased at a much steeper rate than those by traditional VCs during...
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