The main question addressed in this project is whether it is possible to design a more flexible system of microfinance that targets smallholder agriculture, without requiring collateral and without endangering financial sustainability. We design and implement an agent-intermediated individual liability loan (AIL) system in a field experiment, with group-based lending (GBL) as a control.
Pushkar Maitra; Mitra, S.; Dilip Mookherjee; Motta, A.; Visaria, S. Intermediated Loans: A New Approach to Microfinance. (2012) 2 pp.
Intermediated Loans: A New Approach to Microfinance