Microfinance empower low-income individual who are capable of lifting themselves out of poverty if given access to financial services but most of microfinance institutions in the world “charge high rates but not make high returns on account of large credit write-offs”. This paper expects to...

Peer-group mechanisms have been widely used by micro-credit institutions to minimize default risk. However, there are costs associated with establishing and maintaining liability groups. In the case when output is fully observable, we propose a dynamic individual lending mechanism. Assuming that...

This study is an attempt to investigate the impact of microfinance on industry performance. The findings explain that there is no as such impact of microfinance on agriculture industry performance in a country like Pakistan. Research problem is to find out whether Microfinance has positive...