Liability Structure in Small-scale Finance : Evidence from a Natural Experiment

Liability Structure in Small-scale Finance : Evidence from a Natural Experiment

Microfinance, the provision of small individual and business loans, has witnessed dramatic growth, reaching over 150 million borrowers worldwide. Much of its success has been attributed to overcoming the challenges of information asymmetries in unc...

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Bibliographic Details
Main Authors: Carpena, Fenella, Cole, Shawn, Shapiro, Jeremy, Zia, Bilal
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
ACCESS TO FINANCIAL SERVICES
ACCOUNTING
ASSETS
BAD CLIENTS
BANK ACCESS
BANKING MARKET
BANKING SECTOR
BANKING SERVICES
BIASES
BORROWER
BORROWER PERFORMANCE
BORROWER WELFARE
BORROWING
BRANCH
BRANCHES
BUSINESS LOANS
CAPITAL ACCUMULATION
CLAIM
COLLATERAL
COMMERCIAL BANKS
COMPANY
COMPULSORY DEPOSIT
COMPULSORY DEPOSITS
COOPERATIVE SOCIETIES
CREDIT AGREEMENT
CREDIT COOPERATIVE
CREDIT COOPERATIVES
CREDIT MARKET
CREDIT MARKETS
CREDIT PROGRAM
CREDIT PROGRAMS
DEBT
DEBT REPAYMENTS
DEBTS
DEFAULT RATE
DEFAULT RATES
DEFAULTER
DEFAULTERS
DEFAULTS
DELINQUENCY RATE
DEPENDENT
DEPOSIT
DISBURSEMENT
DUMMY VARIABLE
EMERGING MARKETS
ENTREPRENEURS
ENTREPRENEURSHIP
EVENT OF DEFAULT
EXPENDITURE
FINANCIAL MARKET
FINANCIAL MARKETS
FINANCIAL SERVICES
FINANCIAL SUPPORT
FIRM SIZE
FIRST LOAN
FIRST-TIME BORROWERS
GROUP BORROWER
GROUP BORROWERS
GROUP CREDIT
GROUP LENDING
GROUP LOAN
GROUP REPAYMENT
GUARANTOR
GUARANTORS
HOUSEHOLDS
INCOME INEQUALITY
INDIVIDUAL LIABILITY
INDIVIDUAL LOAN
INDIVIDUAL LOANS
INFORMATION ASYMMETRIES
INFORMATION ASYMMETRY
INITIAL PUBLIC OFFERINGS
INSTALLMENT
INSTALLMENTS
INSURANCE
INSURANCE MECHANISMS
INTEREST PAYMENTS
INTEREST RATE
INTEREST RATES
INTERNATIONAL BANK
INVESTMENT CHOICE
INVESTMENT PROJECTS
JOINT LIABILITY
JOINT LIABILITY CLAUSE
LACK OF ACCESS
LEGAL CONSTRAINTS
LENDER
LENDERS
LENDING POLICIES
LENDING PORTFOLIO
LIABILITY
LIABILITY STRUCTURE
LIABILITY STRUCTURES
LIQUIDATION
LIQUIDITY
LOAN
LOAN AMOUNT
LOAN AMOUNTS
LOAN APPLICANT
LOAN CLIENT
LOAN CLIENTS
LOAN CONTRACT
LOAN CONTRACTS
LOAN DATA
LOAN DISBURSEMENT
LOAN OFFICERS
LOAN PERFORMANCE
LOAN PORTFOLIO
LOAN PRODUCT
LOAN PRODUCTS
LOAN REPAYMENT
LOAN REPAYMENTS
LOAN TERM
LOAN TERMS
MARKET FAILURES
MARKET STRUCTURE
MATURITY
MATURITY DATES
MEDIUM ENTERPRISE
MFI
MFIS
MICROCREDIT
MICROFINANCE
MICROFINANCE CLIENTS
MICROFINANCE INSTITUTION
MICROFINANCE ORGANIZATIONS
MICROFINANCE PRACTITIONERS
MICROFINANCE PROGRAM
MICROFINANCE PROGRAMS
MINIMUM BALANCE
MORAL HAZARD
OPTIMAL CONTRACT
OUTSTANDING LOANS
PENALTIES
PHYSICAL CAPITAL
POLITICAL ECONOMY
PREPAYMENTS
PROVISION OF CREDIT
REPAYMENT
REPAYMENT BEHAVIOR
REPAYMENT DISCIPLINE
REPAYMENT INCENTIVES
REPAYMENT PERFORMANCE
REPAYMENT RATES
REPAYMENT SCHEDULES
RESERVES
RISK SHARING
RISK TAKING
RISKY BORROWERS
SALARIES
SAVINGS
SAVINGS ACCOUNT
SAVINGS ACCOUNTS
SAVINGS DEPOSIT
SAVINGS DEPOSITS
SAVINGS GROUPS
SAVINGS PORTFOLIO
SAVINGS PRODUCTS
SAVINGS SERVICES
SECOND LOAN
SMALL FIRMS
SOCIAL CAPITAL
SOCIAL COLLATERAL
SUBSIDIZATION
TRANSACTION
TRANSACTION COSTS
URBAN AREAS
VILLAGE
WAGES
WITHDRAWAL
WORKING CAPITAL
Online Access:http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100920115522
http://hdl.handle.net/10986/3910

Internet

http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100920115522
http://hdl.handle.net/10986/3910

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