Microfinance Beyond Group Lending

Morduch, J.
with Beatriz Armendariz de Aghion. The Economics of Transition 8 (2) 2000: 401-420.

Studies the mechanisms that allows microfinance programs to successfully penetrate new segments of credit markets. Repayment rates from low-income borrowers; Microfinance in transition economies; Non-refinancing threats; Features of microfinance credit contracts.

Wagner Faculty