This paper studies peer effects on the use of essential health care services offered by a microfinance institution in … impoverished neighborhoods in the Philippines. I apply a novel IV identification strategy to overcome the well-known challenges in …

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 …

-in-the-field experiment with microcredit borrowers in the Philippines. Our design allows us to observe social pressure, which is considered …

Swarnajayanti Gram Swarozgar Yojana (SGSY) is a government-sponsored microfinance program. The scheme is based on four … features: group lending with joint liability, progressive lending, back-ended subsidy, and social capital. We propose a new … model of SGSY having these features: group lending with individual liability, progressive lending, back-ended subsidy, and …