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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INFORMATION
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2013/06/01
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Document de travail (série numérotée)
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81992
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1
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1
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2013/10/23
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Disclosed
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Microcredit interest rates and their determinants (2004-2011)
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Return on Average Equity