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and 2014. We looked at the role of microfinance as a bridge for MSMEs to access credit, however our results show that this … have much opportunity to access credit from formal microfinance institutions. In addition, MSMEs in rural areas have …
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We study theoretically and empirically the demand for microcredit under different liability arrangements and risk … environments. A theoretical model shows that the demand for joint-liability loans can exceed that for individual-liability loans … when risk-averse borrowers value their long-term relationship with the lender. Joint liability then offers a way to …
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investigate determinants of credit risk for agricultural loans disbursed by a Microfinance Institution (MFI) in Azerbaijan. In …-farmers, which is surprising because the opposite is widely believed. We furthermore find that the level of collateral has a negative …
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