Poor lending

M.M. Millone

doi:10.26481/dis.20150430mm

Poor lending

M.M. Millone

Finance

Research output: Thesis › Doctoral Thesis › Internal

Abstract

Why is it hard for the rich to lend to the poor? Mainly because it is costly and risky. This thesis addresses, in the context of microfinance, the challenges faced by financial intermediaries that lend to low income clients. Microfinance institutions can improve their efficiency by concentrating their efforts on their core mission, and find investors that share the same preferences with respect to social and financial objectives. Regulation aimed at facilitating the sharing of information between lenders can significantly reduce the risk of over-borrowing and thus reduce the risk of both lenders and borrowers.

Original language	English
Qualification	Doctor of Philosophy
Awarding Institution	Maastricht University
Supervisors/Advisors	Bos, J., Supervisor, External person de Haas, R., Co-Supervisor, External person
Award date	30 Apr 2015
DOIs	https://doi.org/10.26481/dis.20150430mm
Publication status	Published - 2015

Keywords

microfinance
risk
efficiency

Access to Document

10.26481/dis.20150430mm

Cite this

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AB - Why is it hard for the rich to lend to the poor? Mainly because it is costly and risky. This thesis addresses, in the context of microfinance, the challenges faced by financial intermediaries that lend to low income clients. Microfinance institutions can improve their efficiency by concentrating their efforts on their core mission, and find investors that share the same preferences with respect to social and financial objectives. Regulation aimed at facilitating the sharing of information between lenders can significantly reduce the risk of over-borrowing and thus reduce the risk of both lenders and borrowers.

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