Group Lending and Financial Intermediation: An Example

FRB Richmond Economic Quarterly, Vol. 83, No. 4, Fall 1997, pp. 23-48

26 Pages Posted: 19 Nov 2012

See all articles by Edward S. Prescott

Edward S. Prescott

Federal Reserve Banks - Federal Reserve Bank of Cleveland

Date Written: 1997

Abstract

Uncollateralized lending to jointly liable groups of individuals has proven to be a successful way of delivering credit to the poor in less-developed countries. Currently, such financial arrangements are being tried in the United States. The author develops a financial intermediation model in order to analyze the portability of group lending to the United States and the connection between group lending and the rest of the financial intermediation sector.

Suggested Citation

Prescott, Edward (Ned) Simpson, Group Lending and Financial Intermediation: An Example (1997). FRB Richmond Economic Quarterly, Vol. 83, No. 4, Fall 1997, pp. 23-48. Available at SSRN: https://ssrn.com/abstract=2129815

Edward (Ned) Simpson Prescott (Contact Author)

Federal Reserve Banks - Federal Reserve Bank of Cleveland ( email )

P.O. Box 6387
Cleveland, OH 44101
United States

HOME PAGE: http://https://www.clevelandfed.org/people-search?pid=f8ca941e-4b51-41f6-95f8-c87f1d3806e5

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