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Competing theories increasingly support the positive role of social capital in small loan default costs of group lending; at the same time, potential group collusion may increase loan delinquencies. Findings from the available literature are mixed on the role of the various attributes of group...
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Using two surveys from Bangladesh, this paper provides evidence on the effects of microfinance competition on village …: proponents claim that competition of microfinance institutions reduces both the moneylender interest rate and households … address selection on unobservables without imposing standard exclusion restrictions, this paper finds that microfinance …
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