Islamic Group Lending and Financial Inclusion
نویسندگان
چکیده
منابع مشابه
Group Lending and Financial Intermediation: An Example
I magine a small group of people, each of whom borrows money from a financial intermediary. The intermediary does not require collateral because the borrowers are relatively poor and do not own much property. Instead, the intermediary requires group members to be jointly liable for each other’s loans. That is, if a member defaults on a loan, the rest of the group is liable for the remainder of ...
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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: Signifikan: Jurnal Ilmu Ekonomi
سال: 2016
ISSN: 2476-9223,2087-2046
DOI: 10.15408/sjie.v5i1.3128