In microfinance, experimentation with loan guarantees began largely as an attempt to demonstrate to local banks that Microfinance Institutions (MFIs) are creditworthy. Though loan guarantees are far less...
The author finds evidence that lines of credit secured by accounts receivable are associated with business borrowers with a high risk of default. While an unsecured short-term loan is repaid from the borrower's...
Since its peak in 1980-82, medium- and long-term commercial bank lending to sub-Saharan Africa has been declining - partly because of many banks' perception that lending to the African market represents...