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| Author: | Hermes, N. Lensink, R. |
| Title: | The empirics of microfinance: what do we know? |
| Journal: | Economic Journal
2007 : FEB, VOL. 117:517, p. F1-F10 |
| Index terms: | groups joint business ventures liability loans |
| Freeterms: | microfinance |
| Language: | eng |
| Abstract: | Microfinance has received lots of attention recently, both from policy makers as well as in academic circles. Two of the main topics that have been hotly debated are explaining joint liability group lending and its implications for reducing information asymmetries, and the trade-off between the financial sustainability and outreach of microfinance programmes. This Feature contains three novel empirical contributions providing new insights with respect to why and how joint liability group lending works. |
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