Innovations in rural and agricultural finance: Determinants of microcredit repayment in federations of Indian self-help groups
Since the establishment of the Grameen Bank in Bangladesh in 1976, microfinance has boomed. As of December 31, 2007, 3,552 microcredit institutions had reached 154 million clients worldwide, about 106.6 million of whom were among the poorest when they took their first loan. Such expansion can be at...
| Autores principales: | , |
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| Formato: | Brief |
| Lenguaje: | Inglés |
| Publicado: |
International Food Policy Research Institute
2010
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/154568 |
| _version_ | 1855519321936101376 |
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| author | Deininger, Klaus Liu, Yanyan |
| author_browse | Deininger, Klaus Liu, Yanyan |
| author_facet | Deininger, Klaus Liu, Yanyan |
| author_sort | Deininger, Klaus |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Since the establishment of the Grameen Bank in Bangladesh in 1976, microfinance has boomed. As of December 31, 2007, 3,552 microcredit institutions had reached 154 million clients worldwide, about 106.6 million of whom were among the poorest when they took their first loan. Such expansion can be at least partly attributed to the widely adopted practice of group lending in microfinance programs. In contrast to individual lending, group lending (or joint liability) grants a loan to a group of borrowers, and the whole group is liable for the debt of any individual member in the group. This practice allows microfinance programs to rely mainly on accountability and mutual trust among group members rather than financial collateral to insure against default. Given that the poor often lack appropriate financial collateral, group lending programs offer a feasible way of extending credit to poor people who are usually kept out of traditional banking systems. |
| format | Brief |
| id | CGSpace154568 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2010 |
| publishDateRange | 2010 |
| publishDateSort | 2010 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1545682025-11-06T04:24:41Z Innovations in rural and agricultural finance: Determinants of microcredit repayment in federations of Indian self-help groups Deininger, Klaus Liu, Yanyan microcredit loans Since the establishment of the Grameen Bank in Bangladesh in 1976, microfinance has boomed. As of December 31, 2007, 3,552 microcredit institutions had reached 154 million clients worldwide, about 106.6 million of whom were among the poorest when they took their first loan. Such expansion can be at least partly attributed to the widely adopted practice of group lending in microfinance programs. In contrast to individual lending, group lending (or joint liability) grants a loan to a group of borrowers, and the whole group is liable for the debt of any individual member in the group. This practice allows microfinance programs to rely mainly on accountability and mutual trust among group members rather than financial collateral to insure against default. Given that the poor often lack appropriate financial collateral, group lending programs offer a feasible way of extending credit to poor people who are usually kept out of traditional banking systems. 2010 2024-10-01T14:02:20Z 2024-10-01T14:02:20Z Brief https://hdl.handle.net/10568/154568 en Open Access application/pdf International Food Policy Research Institute Deininger, Klaus; Liu, Yanyan. 2010. Innovations in rural and agricultural finance: Determinants of microcredit repayment in federations of Indian self-help groups. 2020 Vision Focus Brief 18(7). https://hdl.handle.net/10568/154568 |
| spellingShingle | microcredit loans Deininger, Klaus Liu, Yanyan Innovations in rural and agricultural finance: Determinants of microcredit repayment in federations of Indian self-help groups |
| title | Innovations in rural and agricultural finance: Determinants of microcredit repayment in federations of Indian self-help groups |
| title_full | Innovations in rural and agricultural finance: Determinants of microcredit repayment in federations of Indian self-help groups |
| title_fullStr | Innovations in rural and agricultural finance: Determinants of microcredit repayment in federations of Indian self-help groups |
| title_full_unstemmed | Innovations in rural and agricultural finance: Determinants of microcredit repayment in federations of Indian self-help groups |
| title_short | Innovations in rural and agricultural finance: Determinants of microcredit repayment in federations of Indian self-help groups |
| title_sort | innovations in rural and agricultural finance determinants of microcredit repayment in federations of indian self help groups |
| topic | microcredit loans |
| url | https://hdl.handle.net/10568/154568 |
| work_keys_str_mv | AT deiningerklaus innovationsinruralandagriculturalfinancedeterminantsofmicrocreditrepaymentinfederationsofindianselfhelpgroups AT liuyanyan innovationsinruralandagriculturalfinancedeterminantsofmicrocreditrepaymentinfederationsofindianselfhelpgroups |