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Thiemo Fetzer, Maitreesh Ghatak and Jonathan de Quidt
This paper contrasts individual liability lending with and without groups to joint liability lending. By doing so, we shed light on an apparent shift away from joint liability lending towards individual liability lending...Read more...
16 July 2013
Jonathan de Quidt, Thiemo Fetzer and Maitreesh Ghatak
Motivated by recent controversies surrounding the role of commercial lenders in microfinance, we analyze borrower welfare under different market structures,considering a benevolent non-profit lender, a for-profit monopol...Read more...
1 September 2012
Few microfinance-funded businesses grow beyond subsistence entrepreneurship. This paper considers one possible explanation: that the structure of existing microfinance contracts may discourage risky but high-expected ret...Read more...
Greg Fischer and Maitreesh Ghatak
This paper analyzes the theoretical underpinnings of high-frequency repayment, a feature in nearly all microfinance contracts that has been largely overlooked by theorists. The pervasive belief among practitioners that f...Read more...