Risk diversification through multiple group membership in microfinance

IIMA Institutional Repository

Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/13513

Full metadata record

DC Field	Value	Language
dc.contributor.author	Lahkar, Ratul
dc.contributor.author	Pingali, Viswanath
dc.date.accessioned	2015-05-12T09:10:37Z
dc.date.available	2015-05-12T09:10:37Z
dc.date.issued	2014
dc.identifier.citation	Lahkar, R., & Pingali, V. (2014). Risk diversification through multiple group membership in microfinance. Applied Economics Letters, 21(9), 622-625.	en_US
dc.identifier.issn	13504851
dc.identifier.uri	http://hdl.handle.net/11718/13513
dc.description.abstract	We consider group formation in the joint liability setting in microfinance. Joint liability imposes additional liability of having to repay for group partners should they fail to repay. Multiple group membership allows diversification of that risk, and therefore, is welfare enhancing for risk averse agents. Welfare enhancement occurs even when the total loan of an agent is unchanged. Therefore, multiple borrowing is not synonymous with over-borrowing.	en_US
dc.language.iso	en	en_US
dc.publisher	Applied Economics Letters	en_US
dc.subject	Diversification (Finance)	en_US
dc.subject	Microfinance	en_US
dc.subject	Partnership (Business)	en_US
dc.subject	Membership	en_US
dc.title	Risk diversification through multiple group membership in microfinance	en_US
dc.type	Article	en_US
Appears in Collections:	Journal Articles

Files in This Item:

File	Description	Size	Format
Risk diversification through multiple group membership in microfinance.pdf Restricted Access		318.62 kB	Adobe PDF	View/Open Request a copy