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We study the effects of competition on loan rates and portfolio-at-risk in microcredit markets using a new database from rating agencies, covering 379 microbanks located in 67 countries between 2002 and 2008. Our study reveals different competitive effects in nonprofit and for-profit microbanks....
Persistent link: https://www.econbiz.de/10009491676
While microfinance institutions (MFIs) are increasingly important as employers in the developing world, there is little …
Persistent link: https://www.econbiz.de/10011646234
Financial inclusion plays an important role in giving households greater access to borrowing opportunities, which in turn can be used to improve human capital accumulation, socioeconomic status, and long-run economic development. One way to enhance households' access to and usage of the...
Persistent link: https://www.econbiz.de/10011689720
Whereas most research into microfinance tends to focus on the impact of access to such services, very little pays … as most microfinance institutions foster client retention and apply a progressive lending policy. Moreover, as previous … analysed from a gender perspective. The work is based on a case study about the main Tunisian microfinance institution using …
Persistent link: https://www.econbiz.de/10011637755
Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major South...
Persistent link: https://www.econbiz.de/10011610980
Crises have cleansing effects: Low-quality firms face greater financial shortfalls and invest less than high-quality firms. Public liquidity support preserves the overall production capacity. However, by dampening the cleansing effects, it distorts the quality distribution and reduces the total...
Persistent link: https://www.econbiz.de/10012388390
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Countries in the MENAP and CCA regions have the lowest levels of financial inclusion of small and medium enterprises (SMEs) in the world. The paper provides empirical evidence on the drivers of SME access to finance for a large sample of countries, and identifies key policy priorities for these...
Persistent link: https://www.econbiz.de/10012836535
manure, into gold. Indian economy has witnessed the critical role of Cooperatives and Microfinance sector, which have given … has been enlarged. Literary work on microfinance can be summarized as a catalyst to women employment and women empowerment …. Time has come to enlarge the functional role of microfinance to build a value chain around agribusiness activity, to …
Persistent link: https://www.econbiz.de/10013054107