El crédito solidario, el colateral social, y la colusión. Algunos apuntes
[Group Lending, Social Collateral and Collusion. Some Notes]
In recent years, the literature on group lending has increased considerably, inspired by the successful microfinance experiences in Bangladesh, Bolivia, and other developing countries. A great deal of this literature has emphasized the ability of group lending mechanisms to reduce borrower selection costs, and to increase peer monitoring and enforcement. In terms of enforcement, it is commonly assumed that peers will keep a vigilant eye on the other group members' economic activities. The existence of social ties is also expected to impose additional constraints (and penalties) to opportunistic behavior, thus reducing default rates. This review article takes a critical perspective on the group lending methodology and examines both sides of the story: its beneficial features and its potential limitations.
|Date of creation:||2003|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Laffont, Jean-Jacques & N'Guessan, Tchetche, 2000. "Group lending with adverse selection," European Economic Review, Elsevier, vol. 44(4-6), pages 773-784, May.
- Ashok S. Rai & Tomas Sjostrom, . "Is Grameen Lending Efficient?," CID Working Papers 40, Center for International Development at Harvard University.
- Andrew Powell & Marcela Cristini & Ramiro Moya, 2001. "The Importance of an Effective Legal System for Credit Markets: The Case of Argentina," Research Department Publications 3125, Inter-American Development Bank, Research Department.
- Maitreesh Ghatak & Timothy W. Guinnane, 1998.
"The Economics of Lending with Joint Liability: Theory and Practice,"
98-16, University of Copenhagen. Department of Economics.
- Ghatak, Maitreesh & Guinnane, Timothy W., 1999. "The economics of lending with joint liability: theory and practice," Journal of Development Economics, Elsevier, vol. 60(1), pages 195-228, October.
- Maitreesh Ghatak & Timothy W. Guinnane, 1998. "The Economics of Lending with Joint Liability: Theory and Practice," Working Papers 791, Economic Growth Center, Yale University.
- Ghatak, M. & Guinnane, T.W., 1998. "The Economics of Lending with Joint Liability: Theory and Practice," Papers 791, Yale - Economic Growth Center.
- Woerz, Julia, 1999. "Group Lending and Its Implications in Credit Markets for Poor People," Transition Economics Series 12, Institute for Advanced Studies.
- Sharma, Manohar & Zeller, Manfred, 1997. "Repayment performance in group-based credit programs in Bangladesh: An empirical analysis," World Development, Elsevier, vol. 25(10), pages 1731-1742, October.
- Sharma, Manohar & Zeller, Manfred, 1996. "Repayment performance in group-based credit programs in Bangladesh," FCND discussion papers 15, International Food Policy Research Institute (IFPRI).
- Wydick, Bruce, 1999. "Can Social Cohesion Be Harnessed to Repair Market Failures? Evidence from Group Lending in Guatemala," Economic Journal, Royal Economic Society, vol. 109(457), pages 463-75, July.
- Zeller, Manfred, 1994. "Determinants of credit rationing," FCND discussion papers 2, International Food Policy Research Institute (IFPRI).
- Laffont, Jean-Jacques, 2000.
"Collusion and Group Lending with Adverse Selection,"
IDEI Working Papers
95, Institut d'Économie Industrielle (IDEI), Toulouse.
- Laffont, Jean-Jacques, 2003. "Collusion and group lending with adverse selection," Journal of Development Economics, Elsevier, vol. 70(2), pages 329-348, April.
- Jean-Jacques Laffont, 2000. "Collusion and Group Lending with Adverse Selection," Development Working Papers 147, Centro Studi Luca d\'Agliano, University of Milano.
- J. Rodrigo Fuentes & Carlos Maqueira, 1999. "Institutional Arrangements to Determine Loan Repayment in Chile," Research Department Publications 3073, Inter-American Development Bank, Research Department.
- Morduch, Jonathan, 1999. "The role of subsidies in microfinance: evidence from the Grameen Bank," Journal of Development Economics, Elsevier, vol. 60(1), pages 229-248, October.
- Jain, Pankaj S., 1996. "Managing credit for the rural poor: Lessons from the Grameen Bank," World Development, Elsevier, vol. 24(1), pages 79-89, January.
- Stiglitz, Joseph E, 1990. "Peer Monitoring and Credit Markets," World Bank Economic Review, World Bank Group, vol. 4(3), pages 351-66, September.
- Stéphane Straub & Horacio Sosa, 1999. "Institutional Arrangements to Ensure Willingness to Repay in Financial Markets: A Case Study of Paraguay," Research Department Publications 3062, Inter-American Development Bank, Research Department.
- Alvarado, Javier & Portocarrero M., Felipe & Trivelli, Carolina & Gonzales de Olarte, Efraín & Galarza, Francisco & Venero, Hildegardi, 2001.
"El financiamiento informal en el Perú: lecciones desde tres sectores
[Informal Finance in Peru: Lessons from Three Sectors]," MPRA Paper 47681, University Library of Munich, Germany.
- Pitt, M.M. & Khandker, S.R., 1996. "Household and Intrahousehold Impact of the Grameen Bank and Similar Targeted Credit Programs in Bangladesh," World Bank - Discussion Papers 320, World Bank.
- Armendariz de Aghion, Beatriz, 1999. "On the design of a credit agreement with peer monitoring," Journal of Development Economics, Elsevier, vol. 60(1), pages 79-104, October.
- Ghatak, Maitreesh, 1999. "Group lending, local information and peer selection," Journal of Development Economics, Elsevier, vol. 60(1), pages 27-50, October.
- Timothy Besley, 1995. "Nonmarket Institutions for Credit and Risk Sharing in Low-Income Countries," Journal of Economic Perspectives, American Economic Association, vol. 9(3), pages 115-127, Summer.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:30442. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht)
If references are entirely missing, you can add them using this form.