Data/hora: 04/06/2024 01:25:35

Provedor de dados: | 31
País: | United States
Título: | A DYNAMIC MODEL OF MICROLENDING IN THE DEVELOPING COUNTRIES
Autores: | Katchova,   Ani L.; Miranda,   Mario J.; Gonzalez-Vega,   Claudio.
Data: | 2001-05-14
Ano: | 2001
Palavras-chave: | Financial Economics.
Resumo: | 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
Idioma: | Inglês

Identificador:

2511

http://purl.umn.edu/20635

Editor: | AgEcon Search

Relação:

American Agricultural Economics Association&gt;2001 Annual meeting, August 5-8, Chicago, IL

Selected Paper

Formato:

31

application/pdf