How is financial regulation different for micro-finance?

M. Sahoo, Renuka Sane and Susan Thomas

Indira Gandhi Institute of Development Research, Mumbai Working Papers from Indira Gandhi Institute of Development Research, Mumbai, India

Abstract: What is the role of financial regulation in the field of micro-finance? This paper identiles two features of micro-finance which call for unique treatment in policy considerations as compared to policy thinking in the mainstream body of financial law. These features are credit recovery and the credit risk of the MFI, when credit access is enabled through the structure of the joint liability group. The paper goes on to offer draft law which embeds a regulatory treatment of micro-finance that flows from this analysis.

Pages: 31 pages
Date: 2012-01
New Economics Papers: this item is included in nep-ban, nep-dev, nep-mfd and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:ind:igiwpp:2012-005

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