The trade-off between profitability and outreach in microfinance
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DOI: 10.1016/j.econmod.2018.01.003
Abstract: Abstract The focus of this paper is on the alleged shift of microfinance programs from targeting poor borrowers towards wealthier clients and profitability. In a simple moral-hazard setting, we determine the equilibrium financial contracts offered… read more here.
Keywords: profit; profitability outreach; microfinance; trade profitability ... See more keywords