Download This PaperGroup Lending and Financial Intermediation: An Example
FRB Richmond Economic Quarterly, Vol. 83, No. 4, Fall 1997, pp. 23-48
26 Pages Posted: 19 Nov 2012
Date Written: 1997
Abstract
Uncollateralized lending to jointly liable groups of individuals has proven to be a successful way of delivering credit to the poor in less-developed countries. Currently, such financial arrangements are being tried in the United States. The author develops a financial intermediation model in order to analyze the portability of group lending to the United States and the connection between group lending and the rest of the financial intermediation sector.
Suggested Citation: Suggested Citation
Prescott, Edward (Ned) Simpson, Group Lending and Financial Intermediation: An Example (1997). FRB Richmond Economic Quarterly, Vol. 83, No. 4, Fall 1997, pp. 23-48, Available at SSRN: https://ssrn.com/abstract=2129815
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