power. This paper analyzes how local leaders balance issues of neediness, productivity (TFP), risk, and favoritism to …

We apply a panel of 331 microfinance institutions from 37 countries to investigate the relationship between social … beliefs and microfinance financial performance. We find that microfinance institutions in countries with higher levels of … provide the first large cross-country evidence that social beliefs are important determinants of microfinance performance. …

Group liability in microcredit purports to improve repayment rates through peer screening, monitoring, and enforcement …

Group liability is often portrayed as the key innovation that led to the explosion of the microcredit movement, which …

The village funds programme in Thailand is one of the biggest microfinance programmes in the world aiming at improving …

microfinance programs ever implemented. We use a cross-sectional approach examining village funds in relation to competing …

-covering levels without losing customers. This claim is at the core of sustainable microfinance strategies that aim to provide banking …

Group liability in microcredit purports to improve repayment rates through peer screening, monitoring, and enforcement …

This paper examines whether recently introduced "village funds", one of the largest microfinance programs ever …

informal loans for small investment needs, and for loans with no or low default risk. Riskier loans, up to a limit, are …