Using numerical approximations of infinite-horizon, dynamic, stochastic models of farm-household behavior, we investigate the influence of several dimensions of financial development in overcoming poverty traps, through the sustained adoption of advanced production technologies. We explore...

This paper discuss the main results from a household survey of Bolivian microfinance clients, their experience with microfinance institutions and their strategies for copping with shocks, in the overindebtedness episode experienced by the Bolivian Financial System in the 1997-2001 period

We construct a theoretical framework that describes the social worth of a microfinance organization in terms of the depth, worth to users, cost to users, breadth, length, and scope of its output. We then analyze evidence of depth of outreach for five microfinance organizations in Bolivia. Most...

This paper explores the rural lending technology used by PRODEM to reach rural microfinance clients in Bolivia. It makes a quantitative comparison of its rural and urban portfolios and makes a qualitative description of its rural lending technology