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...

Microlending is growing in Eastern Europe, Russia and China as a flexible means to widen access to financial services, both to help alleviate poverty and to encourage private-sector activity. We describe mechanisms that allow these programs to successfully penetrate new segments of credit markets. These features include direct monitoring, regular repayment schedules, and the use of non-refinanc...

This study investigates why portfolio returns of online banking users are higher than those non-online users. We first demonstrate that households eager to improve their level financial literacy more likely use banking. Second, a marginal increase in risk appetite increases users; however, this is not the case for Third, promotes debt repayment, and further encourages tolerant investments. In s...