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| Registros recuperados: 13 | |
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| Gonzalez-Vega, Claudio; Meyer, Richard L.; Navajas, Sergio; Schreiner, Mark; Rodriguez-Meza, Jorge; Monje, Guillermo F.. |
| This paper presents and interprets descriptive statistics generated from data obtained in a survey of clients of five microfinance organizations believed to be among the best in Bolivia. These lenders represent different combinations of organizational design, lending technology, and market area of operations. Two are regulated financial intermediaries and three are NGOs. Two operate in rural areas (PRODEM and Sartawi) and three operate in urban areas (BancoSol, FIE, and Caja Los Andes). Two offer individual loans and three grant loans through joint liability groups. The paper discusses household-enterprise profiles of a sample of 622 clients and identifies terms and conditions of loan contracts with these organizations to evaluate the depth and... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Financial Economics. |
| Ano: 1996 |
URL: http://purl.umn.edu/28332 |
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| Navajas, Sergio; Schreiner, Mark; Meyer, Richard L.; Gonzalez-Vega, Claudio; Rodriguez-Meza, Jorge. |
| We construct a theoretical framework that puts the social worth of a microfinance organization (MFO) in terms of the depth, worth to users, cost to users, breadth, length, and scope of its output. We then analyze evidence of depth of outreach for five MFOs in Bolivia. Most of the poor households reached by the MFOs were near the poverty linethey were the richest of the poor. Group lenders had more depth of outreach than individual lenders. The urban poorest were more likely to be borrowers, but rural borrowers were more likely to be among the poorest. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Financial Economics; Food Security and Poverty. |
| Ano: 1998 |
URL: http://purl.umn.edu/28334 |
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| Gonzalez-Vega, Claudio; Schreiner, Mark; Meyer, Richard L.; Rodriguez-Meza, Jorge; Navajas, Sergio. |
| This paper focuses on the difficulties inherent in the prudent management of growth of microfinance organizations and on potential limits to the increased efficiency, profitability, and sustainability expected from growth and large size. The paper addresses both positive and negative implications of rapid growth for microfinance organizations. The experience of BancoSol in Bolivia is used to illustrate these questions. Building upon the successful experience of PRODEM, BancoSol was chartered as a private commercial bank in 1992. The paper discusses the intangible assets inherited from PRODEM that gave BancoSol a head start and the additional advantages that resulted from formalization as a bank, in particular from the authorization to mobilize deposits.... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural Finance. |
| Ano: 1996 |
URL: http://purl.umn.edu/28333 |
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| Monge-Arino, Francisco; Gonzalez-Vega, Claudio. |
| Decoupled payments have emerged as an alternative to traditional agricultural subsidies that are coupled to production decisions, in order to minimize the distorting impacts of domestic agricultural policy. Economic theory suggests that, when farmers face imperfections in key markets such as that for financial services, even lump-sum subsidies may affect agricultural output. This paper explores these issues by developing and solving a deterministic dynamic optimization model for a credit-constrained representative corn farming household in the United States. The model is parameterized using data from the USDAs ARMS database. Simulations for different levels of DP and other parameters were conducted, and three effects on agricultural output... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural Finance. |
| Ano: 2007 |
URL: http://purl.umn.edu/9837 |
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| Katchova, Ani L.; Miranda, Mario J.; Gonzalez-Vega, Claudio. |
| In this paper, we examine the contract design problem of banks that extend loans to poor borrowers and seek to maximize outreach while remaining financially sustainable. A dynamic model is developed that shows how interest rates can be determined based on information about productivity and diligence characteristics of borrowers, investment opportunities, correlation of business activities, peer monitoring costs, and social sanctions. The results indicate that relative to the traditional static models, the dynamic model explains better the current experience in individual and group lending in developing countries. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Financial Economics. |
| Ano: 2001 |
URL: http://purl.umn.edu/20635 |
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| Safavian, Mehnaz S.; Sheldon, Ian M.; Graham, Douglas H.; Gonzalez-Vega, Claudio. |
| Over the past decade, the repressive legal and regulatory environment in transition economies has received considerable attention in the literature. In Russia, this framework has resulted in an environment in which rules and regulations govern almost all aspects of economic activity. The elaborate system of regulations with which firms must comply, in combination with a lack of accountability for regulatory enforcers, has created a corrupt cadre of government officials who frequently engage in rent-seeking behavior while monitoring and enforcing firm compliance. The objective of this paper is to investigate the manner in which corruption affects micro and small enterprises in Russia. Empirical evidence suggests that micro and small enterprises vary... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Political Economy. |
| Ano: 2001 |
URL: http://purl.umn.edu/20495 |
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| Hernandez, Emilio; Sam, Abdoul G.; Gonzalez-Vega, Claudio; Chen, Joyce J.. |
| The impact of public and private transfers on credit markets has not been sufficiently studied and understanding any spill over effects caused by these transfers may be useful for policy makers. This paper estimates the impact of Conditional Cash Transfers (CCTs) and remittances received by poor households in rural Nicaragua on their decision to request a loan. We find that, on average, CCTs did not affect the request of credit while remittances increased it, controlling for potential endogeneity. We argue the reduction in income risk provided by remittances changes borrowers’ expected marginal returns to a loan and/or their creditworthiness, as perceived by lenders. The successful enforcement of the use of CCTs on long-term investments seems to... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: International Development; D14; F22; O15. |
| Ano: 2009 |
URL: http://purl.umn.edu/49319 |
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| Registros recuperados: 13 | |
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