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Facultad de Economía, UNAM
Revista
Repositorio
Contacto
Revistas UNAM. Dirección General de Publicaciones y Fomento Editorial, UNAM en revistas@unam.mx
Autor(es)
Castillo Polanco, Luis Alfredo
Tipo
Artículo de Investigación
Área del conocimiento
Ciencias Sociales y Económicas
Título
PERFORMANCE DETERMINANTS FOR INDIVIDUAL MICROLENDING TECHNOLOGY
Fecha
2019-07-23
Resumen
Increasingly, microfinance institutions are including individual microlending as part of their loan portfolios, and this has been said to be a positive development in the microfinance mission. In this study, we build a borrower’s simple decision model in a context of asymmetric information in order to analyze individual microlending (IML) technology and its ability to contribute to development by financing microenterprises, overcoming the limitations of group microlending. We conclude that the collection system holds the key to resolving the problems of adverse selection and moral hazard, although this has not been referred to in previous studies. Our finding are that IML technology is inefficient in offering a product at a cost that might be compatible with microenterprises’ average profitability, and therefore they choose not to use it. We provide possible reasons to explain why this technology is more expensive and poses a greater risk than traditional group lending.
Idioma
spa
ISSN
ISSN electrónico: 2594-2360; ISSN impreso: 0185-1667
