Contingent Loan Repayment in the Philippines.
Using data from the Philippines, this paper seeks to understand how households in the study area apparently manage to avoid falling in a debt trap in spite of frequent borrowing. Findings suggest this is achieved via three institutional features. First, most informal debt carries no interest. As we...
| Main Authors: | , |
|---|---|
| Format: | Working paper |
| Sprog: | English |
| Udgivet: |
DIAL
2002
|