Banking on cooperation: an evolutionary analysis of microfinance loan repayment behaviour
Microfinance is an economic development tool that provides loans to low-income borrowers to stimulate economic growth and reduce financial hardship. Lenders typically require joint liability, where multiple borrowers share the responsibility of repaying a group loan. We propose that this lending pra...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Cambridge University Press
2021-01-01
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| Series: | Evolutionary Human Sciences |
| Subjects: | |
| Online Access: | https://www.cambridge.org/core/product/identifier/S2513843X2000064X/type/journal_article |