IS THE CREDIT WORTH IT? FOR-PROFIT LENDERS IN MICROFINANCE WITH RATIONAL AND BEHAVIORAL BORROWERS
Jonathan de Quidt () and
Maitreesh Ghatak ()
Annals of Public and Cooperative Economics, 2018, vol. 89, issue 1, 175-199
The bulk of the literature on microcredit has focused on either not-for-profit lenders or assumes a perfectly competitive, zero-profit market equilibrium. Yet the market has experienced a significant shift toward for-profit lending and the assumptions of perfect competition are likely to be too strong in many locations. We review the state of the literature on for-profit lending in microcredit, consider its implications for both conventionally â€˜rationalâ€™ borrowers and for borrowers with behavioral biases, and point out directions for future research.
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bla:annpce:v:88:y:2017:i:3:p:175-199
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1370-4788
Access Statistics for this article
Annals of Public and Cooperative Economics is currently edited by Marco Marini
More articles in Annals of Public and Cooperative Economics from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().