Similar Search Results

Does Subsidising the Cost of Capital Help the Poorest? An Analysis of Saving Opportunities in Group Lending

Aniket, Kumar - School of Economics, University of Edinburgh - 2006

lending mechanisms that include saving opportunities. We document the group lending mechanism used by a typical microfinance …

Persistent link: https://www.econbiz.de/10005178475

The Impact of Microfinance on the Informal Credit Market: an Adverse Selection Model

Demont, Timothée - Faculté des Sciences Économiques, Sociales et de … - 2010

This paper looks at ‘the other side’ of the much-celebrated microfinance revolution, namely its potential impact on the … residual market rate, the latter raises the cost of borrowing outside microfinance institutions (MFIs) due to a worsening of … profit). This arguably less intuitive impact of microfinance, which has been overlooked until now, is important given the …

Persistent link: https://www.econbiz.de/10008869195

El crédito solidario, el colateral social, y la colusión. Algunos apuntes

Galarza, Francisco - Volkswirtschaftliche Fakultät, … - 2003

In recent years, the literature on group lending has increased considerably, inspired by the successful microfinance …

Persistent link: https://www.econbiz.de/10009004821

Cost Efficient Joint Liability Lending

Bayer, Ralph-C; Shatragom, Sujiphong - School of Economics, University of Adelaide - 2013

Traditional micro-lending schemes suffer from high transaction costs relative to the loan size, which renders many small loans uneconomical. This paper proposes an alternative lending protocol with lower transaction costs and shows that in theory repayment rates are not compromised. We then use...

Persistent link: https://www.econbiz.de/10011186670

Self-selection into credit markets : evidence from agriculture in Mali

Beaman, Lori; Karlan, Dean; Thuysbaert, Bram; Udry, … - 2014

We partnered with a micro-lender in Mali to randomize credit offers at the village level. Then, in no-loan control villages, we gave cash grants to randomly selected households. These grants led to higher agricultural investments and profits, thus showing that liquidity constraints bind with...

Persistent link: https://www.econbiz.de/10010385235

Hoping to win, expected to lose : theory and lessons on micro enterprise development

Karlan, Dean; Knight, Ryan; Udry, Christopher - 2012

Many basic economic theories with perfectly functioning markets do not predict the existence of the vast number of microenterprises readily observed across the world. We put forward a model that illuminates why financial and managerial capital constraints may impede experimentation, and thus...

Persistent link: https://www.econbiz.de/10009615069

Hoping to Win, Expected to Lose : Theory and Lessons on Micro Enterprise Development

Karlan, Dean S. - 2012

Persistent link: https://www.econbiz.de/10013101353

Hoping to Win, Expected to Lose : Theory and Lessons on Microenterprise Development

Karlan, Dean S. - 2013

We show how financial and managerial constraints impede experimentation and thus limit learning about the profitability of investments. Imperfect information about one's own type, but willingness to experiment to learn one's type, leads to short-run negative expected returns to investments, with...

Persistent link: https://www.econbiz.de/10013085940

Self‐Selection into Credit Markets : Evidence from Agriculture in Mali

Beaman, Lori A. - 2015

Persistent link: https://www.econbiz.de/10013020442

You can pick your friends, but you need to watch them: Loan screening and enforcement in a referrals field experiment

Bryan, Gharad; Karlan, Dean; Zinman, Jonathan - 2012

We examine a randomized trial that allows separate identification of peer screening and enforcement of credit contracts. A South African microlender offered half its clients a bonus for referring a friend who repaid a loan. For the remaining clients, the bonus was conditional on loan approval....

Persistent link: https://www.econbiz.de/10010282725