We use repayment data from Grameen Bank groups to study mutual dependence in behavior among participants. Such dependence is a measure of group cohesion, and is interpreted as evidence for the existence of inter-connectedness among members at the group level. Results from a dynamic fixed-effects probit model demonstrate that individual repayment outcomes are significantly influenced by own lagg...

This study was conducted with the objective of identifying the major determinants of loan repayment in Small Scale Enterprises (SSEs) with particular reference to SSEs in one of Kenya’s most dynamic informal business hub, Kariobangi Division in Nairobi. In order to achieve this objective, primarily data were collected from 50 randomly selected respondents by using questionnaires. Descriptive st...

This paper reports the results of an econometric analysis of the borrowing and repayment patterns of Canadian bachelor’s level university graduates, using data from the National Graduates Survey (NGS) of the class of 1990. After confirming the intuition that the level of borrowing is determined by supply-side rather than by demand-side factors, we analyze the repayment experience of the graduat...

The article reveals the consequences of coronavirus crisis for business activity in Russia. considers certain financial and legal measures to prevent economic losses small medium-sized enterprises (SMEs) taken by Russian authorities context a long devastating COVID-19 pandemic. It was revealed that one effective mechanisms overcoming difficult socioeconomic situation is National Guarantee Syste...

The indebtedness of tribal households in Andhra Pradesh was sharp contrast to the situation prevailing at all India level. Not only percentage indebted high but even amount dues were also much higher than corresponding figures. Much more alarming fact that nearly two-thirds these loans for unproductive purposes, too from non-institutional agencies a interest rates (20 per cent and above). Above...

Bankruptcy reorganization in the United States has traditionally offered a bankrupt debtor the opportunity to seek a “fresh start” from its creditors and reorder its affairs to move forward without the pressure of outstanding debts.1 Though this may be just one of many aims promoted by the current bankruptcy framework,2 the architecture of the present-day Bankruptcy Code (the Code)—implemented ...

In the credit decision-making process, both an applicant’s creditworthiness and their affordability should be assessed. While credit scoring focuses on creditworthiness, affordability is often checked on the basis of current income and estimated current consumption as well as existing debts stated in a credit report. Contrary to that static approach, a theoretical framework for dynamic affordab...

Using quarterly data on personal consumer bankruptcy for 1989:Q4 through 1998:Q1, this study examines the impact that the introduction of casino gambling has on per capita personal bankruptcy filings. Eight jurisdictions that have recently adopted gambling are compared with a set of matching control jurisdictions, communities without casinos that are economically and demographically similar to ...

Prior to the enactment of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005, United States bankruptcy law provided a number of different mechanisms designed to both facilitate credit markets and provide some measure of consumption insurance. The interplay between chapter 7 and chapter 13 discharge procedures in particular influenced debtor behavior such that debtors s...

About three quarters of credit-card accounts attract interest charges. In the United States, credit-card debt is $951.7 billion of a total of $2,539.7 billion of consumer credit. In the United Kingdom, credit-card debt is d55.1 billion of d174.4 billion of consumer credit. The 2005 U.S. Bankruptcy Abuse Prevention and Consumer Protection Act and the 2003 United Kingdom Treasury Select Committee...