Microfinance and competition for external funding
Suman Ghosh and
Eric Van Tassel ()
Economics Letters, 2011, vol. 112, issue 2, 168-170
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)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:112:y:2011:i:2:p:168-170
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