430
Views
1
CrossRef citations to date
0
Altmetric
Articles

Repaying Microcredit Loans: A Natural Experiment on Liability Structure

Pages 1161-1176 | Received 10 May 2017, Accepted 07 Jun 2019, Published online: 23 Jun 2019

References

  • Ahlin, C., & Townsend, R. M. (2007). Using repayment data to test across models of joint liability lending. Economic Journal, 117(517), F11–F51.
  • Angrist, J. D., & Pischke, J.-S. (2009). Mostly harmless rconometrics: An empiricist’s companion. Princeton, NJ: Princeton University Press.
  • Armendariz, B., & Morduch, J. (2005). The economics of microfinance. Cambridge, MA: MIT Press.
  • Attanasio, O., Augsburg, B., De Haas, R., Fitzsimons, E., & Harmgart, H. (2015). Group lending or individual lending? Evidence from a randomised field experiment in Mongolia. American Economic Journal: Applied Economics, 7(1), 90–122.
  • Banerjee, A. V. (2013). Microcredit under the microscope: What have we learned in the past two decades, and what do we need to know? Annual Review of Economics, 5(1), 487–519.
  • Besley, T., & Coate, S. (1995). Group lending, repayment incentives and social collateral. Journal of Development Economics, 46(1), 1–18.
  • Breza, E., & Kinnan, C. (2018). Measuring the equilibrium impacts of credit: Evidence from the Indian microfinance crisis ( NBER Working Paper No. w24329). Cambridge, MA: National Bureau of Economic Research.
  • Carpena, F., Cole, S., Shapiro, J., & Zia, B. (2013). Liability structure in small- scale finance: Evidence from a natural experiment. World Bank Economic Review, 27(3), 437–469.
  • Cassar, A., Crowley, L., & Wydick, B. (2007). The effect of social capital on group loan repayment: Evidence from field experiments. Economic Journal, 117(517), F85–F106.
  • D’espallier, B., Guerin, I., & Mersland, R. (2013). Focus on women in microfinance institutions. Journal of Development Studies, 49(5), 589–608.
  • de Quidt, J., Fetzer, T., & Ghatak, M. (2016). Group lending without joint liability. Journal of Development Economics, 121, 217–236.
  • de Quidt, J., Fetzer, T., & Ghatak, M. (2018). Commercialization and the decline of joint liability microcredit. Journal of Development Economics, 134, 209–225.
  • Feigenberg, B., Field, E., & Pande, R. (2013). The economic returns to social interaction: Experimental evidence from microfinance. Review of Economic Studies, 80(4), 1459–1483.
  • Feigenberg, B., Field, E., Pande, R., Rigol, N., & Sarkar, S. (2014). Do group dynamics influence social capital and female empowerment? Experimental evidence from microfinance. Journal of Policy Analysis and Management, 33(4), 932–949.
  • Field, E., & Pande, R. (2008). Repayment frequency and default in microfinance: Evidence from India. Journal of the European Economic Association, 6(2–3), 501–509.
  • Filmer, D., & Pritchett, L. H. (2001). Estimating wealth effects without expenditure data or tears: An application to educational enrollments in states of India. Demography, 38(1), 115–132.
  • Gangopadhyay, S., Ghatak, M., & Lensink, R. (2005). Joint liability lending and the peer selection effect. Economic Journal, 115(506), 1005–1015.
  • Ghatak, M. (2000). Screening by the company you keep: Joint liability lending and the peer selection effect. Economic Journal, 110(465), 601–631.
  • Ghatak, M., & Guinnane, T. W. (1999). The economics of lending with joint liability: Theory and practice. Journal of Development Economics, 60(1), 195–228.
  • Gine, X., & Karlan, D. S. (2014). Group versus individual liability: Short and long term evidence from Philippine microcredit lending groups. Journal of Development Economics, 107, 65–83.
  • Hermes, N., Lensink, R., & Mehrteab, H. T. (2005). Peer monitoring, social ties and moral hazard in group lending programs: Evidence from Eritrea. World Development, 33(1), 149–169.
  • Hermes, N., Lensink, R., & Mehrteab, H. T. (2006). Does the group leader matter? The impact of monitoring activities and social ties of group leaders on the repayment performance of group-based lending in Eritrea. African Development Review, 18(1), 72–97.
  • Karlan, D. S. (2001). Microfinance impact assessments: The perils of using new members as a control group. Journal of Microfinance, 3(2), 75–85.
  • Karlan, D. S. (2007). Social connections and group banking. Economic Journal, 117(517), F52–F84.
  • Paxton, J., Graham, D., & Thraen, C. (2000). Modelling group loan repayment behavior: New insights from Burkina Faso. Economic Development and Cultural Change, 48(3), 639–655.
  • Sharma, M., & Zeller, M. (1997). Repayment performance in group-based credit programs in Bangladesh: An empirical analysis. World Development, 25(10), 1731–1742.
  • Stiglitz, J. E. (1990). Peer monitoring and credit markets. World Bank Economic Review, 4(3), 351–366.
  • Wydick, B. (1999). Can social cohesion be harnessed to repair market failures? Evidence from group lending in Guatemala. Economic Journal, 109(457), 463–475.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.