Arbeitspapier
Group versus individual liability: Long term evidence from Philippine microcredit lending groups
Group liability in microcredit purports to improve repayment rates through peer screening, monitoring, and enforcement. However, it may create excessive pressure, and discourage reliable clients from borrowing. Two randomized trials tested the overall effect, as well as specific mechanisms. The first removed group liability from pre-existing groups and the second randomly assigned villages to either group or individual liability loans. In both, groups still held weekly meetings. We find no increase in default and larger groups after three years in preexisting areas, and no change in default but fewer groups created after two years in the expansion areas.
- Language
-
Englisch
- Bibliographic citation
-
Series: Center Discussion Paper ; No. 970
- Classification
-
Wirtschaft
Field Experiments
Social Choice; Clubs; Committees; Associations
Asymmetric and Private Information; Mechanism Design
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Microeconomic Analyses of Economic Development
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
- Subject
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microfinance
group lending
group liability
joint liability
social capital
microenterprises
informal economies
access to finance
Mikrofinanzierung
Verbindlichkeiten
Soziale Gruppe
Haftung
Philippinen
- Event
-
Geistige Schöpfung
- (who)
-
Giné, Xavier
Karlan, Dean
- Event
-
Veröffentlichung
- (who)
-
Yale University, Economic Growth Center
- (where)
-
New Haven, CT
- (when)
-
2009
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Giné, Xavier
- Karlan, Dean
- Yale University, Economic Growth Center
Time of origin
- 2009
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