This paper focuses on the difficulties inherent in the prudent management of growth of microfinance organizations and on potential limits to the increased efficiency, profitability, and sustainability expected from growth and large size. The paper addresses both positive and negative...

This paper focuses on the difficulties inherent in the prudent management of growth of microfinance organizations and on potential limits to the increased efficiency, profitability, and sustainability expected from growth and large size. The paper addresses both positive and negative...

This paper focuses on the difficulties inherent in the prudent management of growth of microfinance organizations and on potential limits to the increased efficiency, profitability, and sustainability expected from growth and large size. The paper addresses both positive and negative...

This paper focuses on the difficulties inherent in the prudent management of growth of microfinance organizations and on potential limits to the increased efficiency, profitability, and sustainability expected from growth and large size. The paper addresses both positive and negative...

Bolivia has the most advanced microfinance sector in Latin America and has been a model worldwide. Apex banks�banks that lend to banks�have not been responsible for this success. Apex banks can provide funds for retail microfinance organizations, and/or strengthen their organizational...

Interest rates on formal agncultural loans m most low income countries are less than rates of inflation and below rates charged on commercial loans. Many development economists have criticized cheap credit because they felt it induced farmers to use too much capital (such as tractors) at the...

This paper investigates the farm-household decisions of adopting and abandoning higher-productivity technologies, under different scenarios of inclusion into the credit and deposit markets. The financial environment is further characterized by shallow financial markets, represented by a...

Decoupled payments have emerged as an alternative to traditional agricultural subsidies that are coupled to production decisions, in order to minimize the distorting impacts of domestic agricultural policy. Economic theory suggests that, when farmers face imperfections in key markets such as...

Published research on credit counseling and mortgage termination is surprisingly scarce, despite substantial growth in this industry. While the purpose of counseling is to help low-income borrowers to handle better debt, and thus prevent default, counseling could also improve these borrowers...