Title: Progressive lending as an enforcement mechanism in microfinance programs
Authors : Egli, Dominik
Published in : Review of Development Economics : an essential resource for any development economist
Volume(Issue) : 8
Issue : 4
Pages : 505
Pages to: 520
Publisher / Ed. Institution : Wiley-Blackwell
Issue Date: 2004
License (according to publishing contract) : Licence according to publishing contract
Type of review: Peer review (Abstract)
Language : English
Subject (DDC) : 332: Financial economics
Abstract: Microfinance programs are often characterized by progressive lending. A typical borrower receives at first very small amounts, which increase with good repayment conduct. The author rationalizes this feature of microfinance. It is shown that there is a strong tendency to split up projects into subprojects, and that it might be necessary to perform less productive projects first in order to keep pressure on the borrower to repay.
Departement: School of Management and Law
Publication type: Article in scientific Journal
DOI : 10.1111/j.1467-9361.2004.00249.x
ISSN: 1363-6669
URI: https://digitalcollection.zhaw.ch/handle/11475/12702
Appears in Collections:Publikationen School of Management and Law

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