Browsing Working Papers by Subject "Joint Liability"
Now showing items 1-1 of 1
-
Entry of Profit-Motivated Microfinance Institutions and Borrower Welfare
(2013-11-22)In this paper, we model welfare implications of entry of commercial micro nance institutions (MFIs). We initially characterize equilibrium with a sole fund-constrained benevolent credit institution followed by equilibrium ...