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The problem of transaction costs in group-based microlending: An institutional perspective

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  • Bhatt, Nitin
  • Tang, Shui-Yan

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  • Bhatt, Nitin & Tang, Shui-Yan, 1998. "The problem of transaction costs in group-based microlending: An institutional perspective," World Development, Elsevier, vol. 26(4), pages 623-637, April.
    • Handle: RePEc:eee:wdevel:v:26:y:1998:i:4:p:623-637
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    1. Yifu Lin, Justin & Nugent, Jeffrey B., 1995. "Institutions and economic development," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 3, chapter 38, pages 2301-2370, Elsevier.
    2. Besley, Timothy & Coate, Stephen, 1995. "Group lending, repayment incentives and social collateral," Journal of Development Economics, Elsevier, vol. 46(1), pages 1-18, February.
    3. Huppi, Monika & Feder, Gershon, 1990. "The Role of Groups and Credit Cooperatives in Rural Lending," The World Bank Research Observer, World Bank, vol. 5(2), pages 187-204, July.
    4. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    5. Yaron, Jacob, 1994. "What Makes Rural Finance Institutions Successful?," The World Bank Research Observer, World Bank, vol. 9(1), pages 49-70, January.
    6. Braverman, Avishay & Guasch, J. Luis, 1986. "Rural credit markets and institutions in developing countries: Lessons for policy analysis from practice and modern theory," World Development, Elsevier, vol. 14(10-11), pages 1253-1267.
    7. Adams, Dale W & Von Pischke, J. D., 1992. "Microenterprise credit programs: Deja vu," World Development, Elsevier, vol. 20(10), pages 1463-1470, October.
    8. Besley, Timothy, 1995. "Savings, credit and insurance," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 3, chapter 36, pages 2123-2207, Elsevier.
    9. Tang, Shui-Yan, 1995. "Informal credit markets and economic development in Taiwan," World Development, Elsevier, vol. 23(5), pages 845-855, May.
    10. Abu, N. M. Wahid, 1994. "The Grameen Bank and Poverty alleviation in Bangladesh," American Journal of Economics and Sociology, Wiley Blackwell, vol. 53(1), pages 1-15, January.
    11. Grosh, Barbara & Somolekae, Gloria, 1996. "Mighty oaks from little acorns: Can microenterprise serve as the seedbed of industrialization?," World Development, Elsevier, vol. 24(12), pages 1879-1890, December.
    12. Timothy Besley, 1995. "Nonmarket Institutions for Credit and Risk Sharing in Low-Income Countries," Journal of Economic Perspectives, American Economic Association, vol. 9(3), pages 115-127, Summer.
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    Cited by:

    1. Boehe, Dirk Michael & Barin Cruz, Luciano, 2013. "Gender and Microfinance Performance: Why Does the Institutional Context Matter?," World Development, Elsevier, vol. 47(C), pages 121-135.
    2. Altınok, Ahmet & Sever, Can, 2014. "Efficient Microlending without Joint Liability," MPRA Paper 56598, University Library of Munich, Germany.
    3. Mark Schreiner, 2001. "A Cost-Effectiveness Analysis of the Grameen Bank of Bangladesh," Development and Comp Systems 0109007, University Library of Munich, Germany.
    4. Tutlani, Ankur, 2016. "Borrowers’ Participation in Group Borrowing," MPRA Paper 69506, University Library of Munich, Germany.
    5. Dufhues, Thomas & Buchenrieder, Gertrud & Quoc, Hoang Dinh & Munkung, Nuchanata, 2011. "Social capital and loan repayment performance in Southeast Asia," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(5), pages 679-691.
    6. Mathilde Maîtrot & Miguel Niño-Zarazúa, 2017. "Poverty and wellbeing impacts of microfinance: What do we know?," WIDER Working Paper Series 190, World Institute for Development Economic Research (UNU-WIDER).
    7. Mark Schreiner, 2001. "Microenterprise in the First and Third Worlds," Development and Comp Systems 0108001, University Library of Munich, Germany, revised 27 Dec 2001.
    8. World Bank, 2016. "Bangladesh Social Protection and Labor Review," World Bank Publications - Reports 25265, The World Bank Group.
    9. Li, Qinghai & Yu, Yangcheng & Li, Yanru & Sun, Guanglin, 2023. "Heterogeneous Social network shape ability and willingness of rural residents to repay loans in China," Research in International Business and Finance, Elsevier, vol. 65(C).
    10. Schreiner, Mark & Woller, Gary, 2003. "Microenterprise Development Programs in the United States and in the Developing World," World Development, Elsevier, vol. 31(9), pages 1567-1580, September.
    11. Robert M Hirth & Daanish Pestonjee, 2016. "How Group Lending Affects Innovation: Evidence From Ethiopia," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 21(04), pages 1-15, December.
    12. Balammal Aruna & Madhumathi R & Ganesh MP, 2019. "Performance Evaluation Frameworks in the Context of Indian Microfinance Institutions," Foundations of Management, Sciendo, vol. 11(1), pages 209-228, January.
    13. Simba, Amon & Martins Ogundana, Oyedele & Braune, Eric & Dana, Léo–Paul, 2023. "Community financing in entrepreneurship: A focus on women entrepreneurs in the developing world," Journal of Business Research, Elsevier, vol. 163(C).
    14. Tutlani, Ankur, 2016. "Effective Cost of Borrowing from Microfinance Institutions," MPRA Paper 69502, University Library of Munich, Germany.
    15. Hyongmook Cheong & Boyoung Kim & Ivan Ureta Vaquero, 2023. "Data Valuation Model for Estimating Collateral Loans in Corporate Financial Transaction," JRFM, MDPI, vol. 16(3), pages 1-17, March.
    16. Islam, Jamal & Mohajan, Haradhan & Datta, Rajib, 2012. "Aspects of microfinance system of Grameen Bank of Bangladesh," MPRA Paper 50691, University Library of Munich, Germany, revised 27 Mar 2012.
    17. Weinberger, Katinka & Jutting, Johannes Paul, 2001. "Women's Participation in Local Organizations: Conditions and Constraints," World Development, Elsevier, vol. 29(8), pages 1391-1404, August.
    18. Chloupkova, Jarka & Bjornskov, Christian, 2001. "Reaping the Gains from Trade: Constraints and Opportunities of Agricultural Credit Markets," Unit of Economics Working Papers 24189, Royal Veterinary and Agricultural University, Food and Resource Economic Institute.
    19. von Braun, Joachim & Grote, Ulrike & Jütting, Johannes, 2000. "Zukunft der Entwicklungszusammenarbeit," Discussion Papers 280888, University of Bonn, Center for Development Research (ZEF).
    20. Mathilde Maîtrot & Miguel Niño-Zarazúa, 2017. "Poverty and wellbeing impacts of microfinance: What do we know?," WIDER Working Paper Series wp-2017-190, World Institute for Development Economic Research (UNU-WIDER).
    21. Tomasz Legiedz, 2020. "Economic policy for development and the new institutional economics," Catallaxy, Institute of Economic Research, vol. 5(2), pages 61-73, December.
    22. Alabi F. A., 2019. "A Study on the Relationship Between New Business Start Up and Micro Credit Institution and Business Growth of Small Scale Enterprises," Business Management and Strategy, Macrothink Institute, vol. 10(1), pages 181-201, December.
    23. Chi-kan Richard Hung, 2006. "Rules and Actions: Determinants of Peer Group and Staff Actions in Group-Based Microcredit Programs in the United States," Economic Development Quarterly, , vol. 20(1), pages 75-96, February.

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