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.
|Qualification||Doctor of Philosophy|
|Award date||30 Apr 2015|
|Publication status||Published - 2015|