Purpose – The purpose of this paper is to analyze a market for microfinance in a region of a developing nation in which all projects are either of high or low quality. There is adverse selection because only borrowers know whether their project is of high or low quality but the microfinance...

Acknowledgments -- Contents -- Contributors -- Part I: Introduction -- Introduction to Regional Growth and Sustainable Development in Asia -- 1 Preliminaries -- 2 Poverty -- 2.1 Regional Disparities and Poverty in the Philippines -- 2.2 Decomposition of Poverty in India -- 2.3 Rural Poverty and...