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Analysis and design of microfinance services: A case of ROSCA

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Listed:
  • Dohyun Ahn
  • Wanmo Kang
  • Kyoung-Kuk Kim
  • Hayong Shin

Abstract

Rotating savings and credit association (ROSCA) is a well-known microfinance association widely used in many countries around the world with long histories. By considering extra profits that such a system can provide when compared to banking transactions, we develop optimization problems to achieve an optimal design of a ROSCA. We find that ROSCAs might attract investors when deposit and loan rates from formal banking systems are not favorable. Furthermore, optimal rates and optimal orders to maximize system outputs are reported.

Suggested Citation

  • Dohyun Ahn & Wanmo Kang & Kyoung-Kuk Kim & Hayong Shin, 2017. "Analysis and design of microfinance services: A case of ROSCA," The Engineering Economist, Taylor & Francis Journals, vol. 62(3), pages 197-230, July.
    • Handle: RePEc:taf:uteexx:v:62:y:2017:i:3:p:197-230
    DOI: 10.1080/0013791X.2016.1236305
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    Cited by:

    1. Stark, Oded & Budzinski, Wiktor & Jakubek, Marcin & Kosiorowski, Grzegorz, 2022. "On the optimal size of a joint savings association," Journal of Comparative Economics, Elsevier, vol. 50(3), pages 804-814.

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