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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 ...
Does Competition in the Microfinance Industry Necessarily Mean Over-borrowing?
(2013-11-21)
In this paper we test the hypothesis of whether the presence of increasing number of
microfinance institutions leads to over-borrowing. Some recent theoretical literature
suggests that, in a joint liability setting, ...