Aubert, Cecile; de Janvry, Alain; Sadoulet, Elisabeth - Department of Agricultural and Resource Economics, … - 2004
Microfinance institutions (MFIs) have introduced incentive pay schemes for their credit agents to induce information acquisition on borrowers. Bonuses linked to repayment are efficient for profit-oriented MFIs but insufficient for non-profit MFIs trying to reach very poor borrowers, when...