|Publication type:||Article in scientific journal|
|Type of review:||Peer review (publication)|
|Title:||Progressive lending as an enforcement mechanism in microfinance programs|
|Published in:||Review of Development Economics|
|Publisher / Ed. Institution:||Wiley|
|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.|
|Fulltext version:||Published version|
|License (according to publishing contract):||Licence according to publishing contract|
|Departement:||School of Management and Law|
|Appears in collections:||Publikationen School of Management and Law|
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