This brief summarizes the group versus individual liability: long term evidence from Philippines microcredit lending groups for the period 2004-2008. Group liability in microcredit purports to improve repayment rates through peer screening, monitoring, and enforcement. However, it may create excessive pressure, and discourage reliable clients from borrowing. Two randomized trials tested the overall effect, as well as specific mechanisms. The first...
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2013/08/14
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简介
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81337
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1
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1
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2013/09/26
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Disclosed
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Group versus individual liability : long term evidence from Philippines microcredit lending groups
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access to asset