Field, Erica; Pande, Rohini; Papp, John; Rigol, Natalia - In: American Economic Review 103 (2013) 6, pp. 2196-2226
Do the repayment requirements of the classic microfinance contract inhibit investment in high-return but illiquid business opportunities among the poor? Using a field experiment, we compare the classic contract which requires that repayment begin immediately after loan disbursement to a contract...