Publication type: Article in scientific journal
Type of review: Peer review (publication)
Title: Progressive lending as an enforcement mechanism in microfinance programs
Authors: Egli, Dominik
DOI: 10.1111/j.1467-9361.2004.00249.x
Published in: Review of Development Economics
Volume(Issue): 8
Issue: 4
Pages: 505
Pages to: 520
Issue Date: 2004
Publisher / Ed. Institution: Wiley
ISSN: 1363-6669
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.
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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