Microfinance is typically associated with joint liability of group members. However, a large part of microfinance … contracts. Moreover, we show that microfinance institutions offer group loans when the loan size is rather large, refinancing … costs are high, and competition between microfinance institutions is low. Otherwise, individual loans are offered …

competition between a bank and a microfinance institution (MFI), geographical distance and transportation costs alone are no …

microfinance type based on the major factors determining micro, small and medium enterprises' access to credit from microfinance … institutions in the era of financial liberalization. The data for the study were gleaned from fourteen microfinance institutions … rationing is not influenced by the microfinance types but by the individual microfinance institutions. …

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 …