Microcredit Contracts, Risk Diversification and Loan Take-Up
نویسندگان
چکیده
منابع مشابه
The optimal group size in microcredit contracts
We analyze a model of a repeated microcredit lending and study how group size affects the optimal group lending contracts with joint liability. The story is that one benevolent lender gives microcredit to a group of n borrowers to be invested on n projects. The outcome of each risky project is not observable by the lender. Therefore in case some of the borrowers default on their loan repayments...
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ژورنال
عنوان ژورنال: Journal of the European Economic Association
سال: 2018
ISSN: 1542-4766,1542-4774
DOI: 10.1093/jeea/jvy032