microfinance investment vehicle to analyze how different motives affect the demand for distinct sustainable investments. Our … investor motivations vary across forms of sustainable investment strategies, in particular between broad sustainable … sustainable investments are mainly linked to return and risk expectations, the investment decision for the impact investment …

, thus showing that liquidity constraints bind with respect to agricultural investment. In loan-villages, we gave grants to a … grants. Thus we find important heterogeneity in returns to investment and strong evidence that farmers with higher marginal … returns to investment self-select into lending programs. …