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Compulsory versus Voluntary Savings as Incentive Mechanism in Microlending Contracts

Author

Listed:
  • Olivier Bruno

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur)

  • Knar Khachatryan

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur)

Abstract

This paper investigates the incentive mechanism of individual microlending contracts focusing particularly on microsavings. We built a model to show the role of compulsory and voluntary microsavings in addressing problems of information asymmetries. We show that voluntary savings can serve as a complementary tool in repayment enforcement at the same time inducing borrowers to reveal abilities of their projects.

Suggested Citation

  • Olivier Bruno & Knar Khachatryan, 2011. "Compulsory versus Voluntary Savings as Incentive Mechanism in Microlending Contracts," Post-Print halshs-00723880, HAL.
    • Handle: RePEc:hal:journl:halshs-00723880
    as

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