Group Lending with Heterogeneous Types
نویسندگان
چکیده
منابع مشابه
Maria Lehner: Group versus Individual Lending in Microfinance Group Lending versus Individual Lending in Micro…nance
Micro nance is typically associated with joint liability of group members. However, a large part of micro nance institutions rather o¤ers individual instead of group loans. We analyze the incentive mechanisms in both individual and group contracts. Moreover, we show that micro nance institutions o¤er group loans when the loan size is rather large, re nancing costs are high, and competition betw...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2017
ISSN: 1556-5068
DOI: 10.2139/ssrn.2970040