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...

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Những tác giả chính: Fafchamps, M, Gubert, F
Định dạng: Working paper
Ngôn ngữ:English
Được phát hành: DIAL 2002