Journal ArticleDOI
Group lending and individual lending with strategic default
Bharat Bhole,Sean Ogden +1 more
TLDR
This article showed that the expected borrower welfare is strictly higher with group lending when both group and individual lending are feasible and when group lending is feasible for a greater range of opportunity cost of capital.About:
This article is published in Journal of Development Economics.The article was published on 2010-03-01. It has received 94 citations till now. The article focuses on the topics: Strategic default & Default.read more
Citations
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Report SeriesDOI
Group lending or individual lending? Evidence from a randomised field experiment in Mongolia
TL;DR: In this paper, a randomised field experiment in rural Mongolia was conducted to investigate the impact of group and individual lending on food consumption and entrepreneurship, and the authors found that among households that were offered group loans, the likelihood of owning an enterprise increases by 10 percent more than in control villages.
Journal ArticleDOI
Microfinance revolution: its effects, innovations, and challenges
Hisaki Kono,Kazushi Takahashi +1 more
TL;DR: In this paper, the authors investigated the extent to which the micro finance revolution is truly revolutionary and explored the impact of micro finance on the poor, the mechanisms underlying high repayment rates and their innovations, and the new challenges micro finance institutions are currently facing.
Journal ArticleDOI
Information and enforcement in informal credit markets
Parikshit Ghosh,Debraj Ray +1 more
TL;DR: In this article, the authors study loan enforcement in informal credit markets with multiple lenders but no sharing of credit histories, and derive the dynamics of loan size and interest rates for relational lending.
Dissertation
Financial sustainability of rural microfinance institutions (MFIs) in Tanzania
TL;DR: In this article, the authors used panel data regression as the main data analysis technique to determine the factors affecting financial sustainability of microfinance institutions using large and well developed MFIs in various countries but no such study has been conducted in rural Tanzania where majority of MFIs are small, most of which are member-based (cooperatives).
Journal ArticleDOI
Vulnerability of microfinance to strategic default and covariate shocks: evidence from pakistan
TL;DR: In this paper, the repayment behavior of borrowers of a Pakistani micro-finance institution (MFI) using a unique dataset of approximately 45,000 installment records over the period 1998-2007 was investigated.
References
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Journal ArticleDOI
How important to India's poor is the sectoral composition of economic growth?
Martin Ravallion,Gaurav Datt +1 more
TL;DR: In this paper, the authors assess how much India's poor shared in the country's economic growth, taking into account its urban-rural and output composition, and find that output growth in the primary and tertiary sectors reduced poverty in both urban and rural areas but that secondary sector growth did not reduce poverty in either.
Book
The Economics of Microfinance
TL;DR: A comprehensive survey of micro finance can be found in this paper, where the authors provide an overview of micro-finance by addressing a range of issues, including lessons from informal markets, savings and insurance, the role of women, the place of subsidies, impact measurement, and management incentives.
Journal ArticleDOI
Peer Monitoring and Credit Markets
TL;DR: In this paper, a simple model of peer monitoring in a competitive credit market is presented, where the transfer of risk from the bank to the cosigner leads to an improvement in borrowers' welfare.
Journal ArticleDOI
Group lending, repayment incentives and social collateral
Timothy Besley,Stephen Coate +1 more
TL;DR: In this paper, the authors investigate the impact on repayment rates of lending to groups which are made jointly liable for repayment, and show that successful group members may have an incentive to repay the loans of group members whose projects have yielded insufficient return to make repayment worthwhile.
Journal ArticleDOI
The economics of lending with joint liability: theory and practice
TL;DR: In this article, the authors analyze how joint-liability lending promotes screening, monitoring, state verification and enforcement of repayment, and highlight how joint liability works in practice, using case studies.