From the beginning of modern microcredit, its most controversial dimension has been the interest rates charged by micro lenders, often referred to as microfinance institutions (MFIs). These rates are higher, often much higher, than normal bank rates, mainly because it inevitably costs more to lend and collect a given amount through thousands of tiny loans than to lend and collect the same amount in a few large loans. Higher administrative costs have...
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DETAILS
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2013/06/01
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Working Paper (Numbered Series)
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81992
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1
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1
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2014/07/31
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Disclosed
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Microcredit interest rates and their determinants (2004-2011)
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access to deposit
Citation
Ford, William; Gaul,Scott; Rosenberg,Richard; Tomilova,Olga.
Microcredit interest rates and their determinants (2004-2011) (Arabic). CGAP Access to Finance Forum ; no. 7 Washington, DC ; World Bank Group. http://documents.worldbank.org/curated/en/849121468330883928