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Purpose – The purpose of this paper is to analyze a market for microfinance in a region of a developing nation in which all projects are either of high or low quality. There is adverse selection because only borrowers know whether their project is of high or low quality but the microfinance...
Persistent link: https://www.econbiz.de/10014667090
Purpose – The purpose of this paper is to analyze a market for microfinance in a region of a developing nation in which all projects are either of high or low quality. There is adverse selection because only borrowers know whether their project is of high or low quality but the microfinance...
Persistent link: https://www.econbiz.de/10008642028
Persistent link: https://www.econbiz.de/10001445031
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