Microfinance in Times of Crisis: The Effects of Competition, Rising Indebtedness, and Economic Crisis on Repayment Behaviour


Vogelgesang, Ulrike


URL: http://www.vwl.uni-mannheim.de/gk/wp/gkwp-2001-06....
Document Type: Working paper
Year of publication: 2001
The title of a journal, publication series: GK Working Paper Series
Volume: 01-06
Place of publication: Mannheim
Publication language: German
Institution: School of Law and Economics > Graduiertenkolleg VWL/BWL
Subject: 330 Economics
Abstract: This paper analyzes repayment determinants for loans from Caja Los Andes, a Bolivian mi- crolender. The analysis focuses on the influence of recent changes in the Bolivian microfinance market. In particular, we examine the effects of the rapidly growing supply of funds for micro- loans, the increasing competition, a rising level of indebtedness among micro-entrepreneurs, and the recent economic crisis. Our results show a two-fold influence structure of competition and indebtedness. Firstly, clients with loans from multiple sources at the same time are found to be more likely to default than others. Secondly, clients with given characteristics have an overall better repayment behaviour in areas with higher competition and a higher supply of micro-loans.

Dieser Eintrag ist Teil der Universitätsbibliographie.




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Vogelgesang, Ulrike (2001) Microfinance in Times of Crisis: The Effects of Competition, Rising Indebtedness, and Economic Crisis on Repayment Behaviour. GK Working Paper Series Mannheim 01-06 [Working paper]


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