Microcredit: Points of Promise

Erica Field, Abraham Holland and Rohini Pande
Additional contact information
Erica Field: Duke University
Abraham Holland: Harvard Institute for Quantitative Social Science, Harvard University
Rohini Pande: Harvard University

Working Paper Series from Harvard University, John F. Kennedy School of Government

Abstract: A majority of the world's impoverished lack adequate access to financial services. Typically, formal banks do not target the poor because lending without collateral is considered too risky. Poor households seeking credit are subsequently forced into informal markets where the prices are high, the quantities limited, and the methods of insuring repayment can be brutal.

Date: 2016-09
New Economics Papers: this item is included in nep-ban, nep-iue and nep-mfd
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ecl:harjfk:16-036

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