. Utilizing the exogenous shift from individual to joint liability lending by a microfinance organization in Pakistan, we find … liability does lead to better borrower performance and recent years have seen a shift towards individual liability lending … given month under joint liability relative to individual liability. We also use the exogenous variation in number of months …

In recent years, microfinance institutions have expanded into group lending with individual liability, leaving out the … repay a group loan to safeguard their reputation. We show that the introduction of group loans with individual liability … importance to their reputation will select into individual liability loans, causing default rates and interest rates to rise for …

In recent years, microfinance institutions have expanded into group lending with individual liability, leaving out the … repay a group loan to safeguard their reputation. We show that the introduction of group loans with individual liability … importance to their reputation will select into individual liability loans, causing default rates and interest rates to rise for …

Group liability in microcredit purports to improve repayment rates through peer screening, monitoring, and enforcement … overall effect, as well as specific mechanisms. The first removed group liability from pre-existing groups and the second … randomly assigned villages to either group or individual liability loans. In both, groups still held weekly meetings. We find …

standardisation of credit contract theory -- Joint liability and its potential to cause adverse selection instead of resolving it … contract theory Joint liability and its potential to cause adverse selection instead of resolving it The perverse effect of …A structural analysis of credit contract theory -- The treatment of credit contract theory in the literature -- A …

the treatment groups. -- microfinance ; group lending ; group liability ; joint liability ; social capital …Group liability is often portrayed as the key innovation that led to the explosion of the microcredit movement, which … liability claims to improve repayment rates and lower transaction costs when lending to the poor by providing incentives for …

groups created after two years in the expansion areas. -- Microfinance ; group lending ; group liability ; joint liability …Group liability in microcredit purports to improve repayment rates through peer screening, monitoring, and enforcement … overall effect, as well as specific mechanisms. The first removed group liability from pre-existing groups and the second …