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Microcredit institutions typically apply rigid and fixed repayment schedules when disbursing loans in order to reduce transaction costs, simplify procedures, and inculcate fiscal discipline for better repayment behavior. Microcredit clients, however, often have neither smooth income nor singular...
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This paper presents a model of the complete microcredit financing chain investor - MIV - MFI - micro-borrower, in which social-minded MIVs provide funds only to those MFIs which do not exploit their bargaining power towards micro-borrowers. The MFIs with the highest bargaining power do not use...
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success of microfinance around the world, a large number of commercial banks have made a profitable business out of this … sector. This paper explores various business models by commercial banks in microfinance and provides policy implications for …
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The rapid adoption of mobile money transfer (MMT) in East Africa, and Kenya in particular, is facilitating a nexus of inter-personal financial transfers which has hitherto been the least visible dimension of informal finance. At the same time, the success of capturing these flows into a formal...
Persistent link: https://www.econbiz.de/10011374639
This paper is concerned with the recent history of microfinance, both for itself and as a case study of the evolution … applauded the successes of microfinance in expanding financial market opportunities; and a political economy critique that … India, before turning to the potential for a more inductive and plural account. A more plural history of microfinance …
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Microfinance contracts have enormous economic and welfare significance. We study, theoretically and empirically, the …
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