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...

Youth Revolving Fund (YRF) loan was established to help unemployed youths alleviate their economic and social difficulties. However, its repayment performance is not as expected. Thus, the objective of this study examine effect socio-economic factors on YRF in Oromia Regional State. 328 data collected from respondents result showed peer pressure, diversion, time maturity investment predominant ...

Abstract A quasi-natural experiment has been carried out at The Small Enterprise Foundation, a South African microfinance institution offering group lending with joint liability. In pilot project, the frequency of meetings was reduced from fortnightly to monthly and members groups were no more required attend all but they could send representative. After selecting suitable control using propens...