Promoting access to credit for small uncollateralized producers: moral hazard, subsidies and local externalities under different group lending market structures,

Becchetti LeonardoPisani Fabio
CEIS Working Papers
We analyse equilibrium borrowers’ effort and cost of loan in microcredit in presence of moral hazard, project correlation and subsidies under group lending. Our results show that symmetric (asymmetric) project correlation has no (has significant) effects
Number: 249
Date: Thursday, February 1, 2007
Revision Date: Thursday, February 1, 2007