منابع مشابه
Microfinance Games
Microfinance has been heralded as an effective way to address imperfections in credit markets. From a theoretical perspective, however, the success of microfinance contracts has puzzling elements. In particular, the group-based mechanisms often employed are vulnerable to free-riding and collusion, although they can also reduce moral hazard and improve selection. We created an experimental econo...
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The purpose of this research is to investigate and focus on the high cost of microfinance loans which are provided by banks. The high costs are one of the main problems, facing the microfinance programs in its persuit to help the poor and the low income households. This research followed the descriptive approach, to investigate the problem of this research. Questionnaires were used as the main ...
متن کاملExploitative Microfinance Interest Rates
The field of microfinance emerged in the developing world as a vehicle to provide financial services to poor segments of population is gradually being seen as a profitable business opportunity. In the initial stages of development, these activities were perceived to be done with a service agenda. As the micro finance institutions (MFIs) began to mature, they started facing performance dilemma, ...
متن کاملMicrofinance and Dynamic Incentives
Dynamic incentives, where incentives to repay are generated by granting access to future loans, is one of the methodologies used by microfinance institutions (MFIs). In this paper, I present a model of dynamic incentives where lenders are uncertain over how much borrowers value future loans. Loan terms are determined endogenously, and loans become more favorable as the probability of default be...
متن کاملMicrofinance: Points of Promise
A majority of the world’s impoverished lack adequate access to financial services. Typically, formal banks do not target the poor because lending without collateral is considered too risky. Poor households seeking credit are subsequently forced into informal markets where the prices are high, the quantities limited, and the methods of insuring repayment can be brutal. Since the poor arguably ne...
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ژورنال
عنوان ژورنال: Journal of Small Business and Enterprise Development
سال: 2017
ISSN: 1462-6004
DOI: 10.1108/jsbed-02-2017-0043