par Sadoulet, Loïc 
Référence Insurance Against Poverty, Oxford University Press
Publication Publié, 2005-01
Référence Insurance Against Poverty, Oxford University Press
Publication Publié, 2005-01
Partie d'ouvrage collectif
| Résumé : | This chapter argues that the repeated interaction between banks and clients allows borrowers to establish a credit record, which they can use to insure themselves from temporary liquidity shocks. It discusses microcredit contracts, and the importance of insurance for borrowers based on a survey in Guatemala. It presents a model that captures the features of microcredit contracts, i.e., the joint liability of members for individual loans and group loans. The model shows the incentive mechanisms behind microfinance contracts, and how insurance is an important by-product of liability loans. |
