|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|
|Publisher / Ed. Institution :||Wiley-Blackwell|
|License (according to publishing contract) :||Licence according to publishing contract|
|Type of review:||Peer review (Abstract)|
|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|
|Appears in Collections:||Publikationen School of Management and Law|
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