Group lending with correlated project outcomes

Tomek Katzur and Robert Lensink

Economics Letters, 2012, vol. 117, issue 2, 445-447

Abstract: This paper shows that positive correlation between project outcomes may improve the efficiency of microfinance group lending contracts.

Keywords: Microfinance; Group lending; Adverse selection; Correlated project outcomes (search for similar items in EconPapers)
JEL-codes: D82 G21 O10 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:2:p:445-447

DOI: 10.1016/j.econlet.2012.06.032

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