This study examines the effect of a one-on-one outsourced pre-lending consulting service on the repayment behavior of … microcredit borrowers in Korea with administrative data from the Smile Microcredit Bank. A random change in the cut-off loan … amount for mandatory consulting is utilized as an identification strategy. This three-day pre-lending business consulting …

We study repayment and delinquency in an innovative loan contract that offers borrowers a wide range of flexibility … framework of this loan. We identify eight clusters that can be grouped into three distinct repayment types. We show that … particular adjust their repayment to cash flow. Finally, we show that high use of the loan's flexibility is associated with …