Individual lending versus group lending: An evaluation with Kenya's microfinance data
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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Microfinance through joint liability or group lending has received a lot of attention recently from policy makers as well as academicians. It is playing important role in delivering financial services to the ‘socially and economically excluded’ poor, in general, and women, in particular. Grouplending works with various dynamic incentives. One such is the principle of progressive lending which p...
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ژورنال
عنوان ژورنال: Review of Development Finance
سال: 2013
ISSN: 1879-9337
DOI: 10.1016/j.rdf.2013.05.001