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Using a unique dataset of a commercial microfinance institution in Madagascar, this paper investigates how the … provision of microfinance loans with (in)flexible repayment schedules affects loan delinquencies of agricultural borrowers …
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We study repayment and delinquency in an innovative loan contract that offers borrowers a wide range of flexibility. Using a large administrative dataset, we perform unsupervised pattern analysis to study how borrowers repay within the framework of this loan. We identify eight clusters that can...
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