importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We …

hazard. We conduct a field experiment with women about to enter a group loan program in Paraguay and then gather … administrative data on the members ́repayment behavior in the six-month period following the experiment. In addition to the … experiment which is designed to measure individual propensities to monitor under incentives similar to group liability, we …

hazard. We conduct a field experiment with women about to enter a group loan program in Paraguay and then gather … administrative data on the members' repayment behavior in the six-month period following the experiment. In addition to the … experiment which is designed to measure individual propensities to monitor under incentives similar to group liability, we …

We suggest an explanation for the existence of "mission drift", the tendency for Microfinance Institutions (MFIs) to …