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Public-private partnerships in microfinance: Should NGO involvement be restricted?

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Author Info
Jaideep Roy () (Brunel University, Uxbridge)
Prabal Roy Chowdhury () (Indian Statistical Institute, New Delhi)

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Abstract

This paper examines public-private partnerships in micro-finance, whereby NGOs can help in channelizing credit to the poor, both in borrower selection, as well as in project implementation. We argue that a distortion may arise out of the fact that the private partner, i.e. the NGO, is a motivated agent. We find that whenever the project is neither too productive, nor too unproductive, reducing such distortion requires unbundling borrower selection and project implementation, with the NGO being involved in borrower selection only. Further, we compare and contrast two alternative credit delivery mechanisms, the linkage mechanism (which is the focus of this paper), with the `Grameen' one.

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Publisher Info
Paper provided by Indian Statistical Institute, New Delhi, India in its series Indian Statistical Institute, Planning Unit, New Delhi Discussion Papers with number 08-11.

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Length: 32 pages
Date of creation: Jun 2008
Date of revision:
Handle: RePEc:ind:isipdp:08-11

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Related research
Keywords: Public-private partnerships; micro-finance; motivated agent; NGO; Ownership;

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Find related papers by JEL classification:
E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages
G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
H5 - Public Economics - - National Government Expenditures and Related Policies
O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

References listed on IDEAS
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    Other versions:
  3. Roy Chowdhury, Prabal, 2007. "Borrower Empowerment and Savings: A Two-stage Micro-finance Scheme," MPRA Paper 3405, University Library of Munich, Germany. [Downloadable!]
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    Other versions:
  5. Beatriz Armendariz & Jonathan Morduch, 2007. "The Economics of Microfinance," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262512017.
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    Other versions:
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    Other versions:
  9. Timothy Besley & Maitreesh Ghatak, 1999. "Public-Private Partnership for the Provision of Public Goods: Theory and an Application to NGOs," STICERD - Development Economics Papers 17, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE. [Downloadable!]
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