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 …

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 …

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 …

The paper describes the microfinance environment in Uzbekistan, with an emphasis on two types of non-bank microfinance … commercially oriented microcredit model and SME lending, which is an emerging trend in mainstream microfinance. The paper offers …

Altruistic peer-to-peer lending, or crowd-sourced Internet microfinance, exposes a unique environment in which to … minimal, or in the case of Kiva.org, zero financial return. While significant microfinance research has chronicled the … lending, observing crowd-sourced microfinance and what online organizational structures facilitate cooperation. At the end of …

join in a microfinance system operating on the basis of individual liability credit contract, or on the basis of joint … liability loan contract through forming self-help group or may not participate in any type of microfinance system. This paper … establishes that wealthier among the not so affluent rural household prefers to join microfinance system operating on the basis of …

rather than microfinance in isolation …

Microfinance institutions, despite the presence of competition and informational asymmetries, typically offer a limited … consequences in terms of strategic interaction and borrower welfare. We model an oligopolistic market in which Microfinance …