competition between a bank and a microfinance institution (MFI), geographical distance and transportation costs alone are no …

contracts. Moreover, we show that microfinance institutions offer group loans when the loan size is rather large, refinancing …Microfinance is typically associated with joint liability of group members. However, a large part of microfinance … costs are high, and competition between microfinance institutions is low. Otherwise, individual loans are offered …

We suggest an explanation for the existence of "mission drift", the tendency for Microfinance Institutions (MFIs) to …

Kredittypen ist die strukturierte Finanzierung ein Instrument, um den Kapitalmarkt verstärkt zur Refinanzierung zu nutzen und so … Garantien eine quasi unlimitierte Förderquelle, die zur Erhöhung systemischer Risiken beitrug. In der Mikrofinanzierung dagegen … Kapital für die Anlage in den sichereren Tranchen zu gewinnen. So lassen sich die Vorteile der Refinanzierung über den …

In recent years, microfinance institutions have expanded into group lending with individual liability, leaving out the …

Microfinance currently experiences a huge inflow of private investors and a surge in the use of market instruments …. This raises the question of what market equilibria in microfinance markets look like and which kinds of market failure tend … problems, but do not eliminate them. -- microfinance ; group lending ; enforcement …

Microborrowers may take usurious loans to repay a loan taken from a microfinance institution because of having …. Microfinance programs should strive at preventing such consequences of bounded rationality. -- microfinance ; hyperbolic …

contracts. Moreover, we show that microfinance institutions offer group loans when the loan size is rather large, refinancing …Microfinance is typically associated with joint liability of group members. However, a large part of microfinance … costs are high, and competition between microfinance institutions is low. Otherwise, individual loans are offered …