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Microfinance and competition for external funding

Suman Ghosh and Eric Van Tassel ()

Economics Letters, 2011, vol. 112, issue 2, 168-170

Abstract: In this paper we examine a one-period model in which poverty minimizing microfinance lenders must raise external funding from a profit maximizing investor. Assuming that the lenders vary in their operating costs, we find that competition between lenders for external funds can lead to higher aggregate poverty reduction.

Keywords: Microfinance; Mission; drift; Competition (search for similar items in EconPapers)
Date: 2011
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