Microequity and mutuality: experimental evidence on credit with performance-contingent repayment
We conduct the first field experiment of a performance-contingent microfinance contract. A large food multinational wishes to help micro-distributors in its supply chain with the financing of a productive asset. Working with the firm in Kenya, we compare asset financing under a traditional debt cont...
| Main Authors: | , , , , , |
|---|---|
| Format: | Working paper |
| Language: | English |
| Published: |
University of Oxford
2022
|