Maitra, Pushkar; Mitra, Sandip; Mookherjee, Dilip; … - Department of Econometrics and Business Statistics, … - 2014
We experimentally evaluate two micro-lending schemes to finance high-value smallholder agriculture. Loans featured durations that matched crop cycles, low interest rates, dynamic repayment incentives and index insurance. In the TRAIL design, the lender incentivized a local trader to recommend...