Microfinance: equity and debt contracts

Amelia Correa and Romar Correa

Applied Economics Letters, 2009, vol. 16, issue 8, 859-862

Abstract: We offer an explanation, drawn from first principles, of the belief that the consumption needs of the asset-poor are best met by debt contracts, whereas equity arrangements are tailored to the financing requirements of poor entrepreneurs.

Date: 2009
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DOI: 10.1080/17446540802314501

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