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Loan Officers Impede Graduation from Microfinance: Strategic Disclosure in a Large Microfinance Institution

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NBER2021-11-01 更新2025-01-04 收录
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One of the most important puzzles in microfinance is the low rate of borrower graduation to larger, more flexible loans. Utilizing observational and experimental data from a large Chilean microfinance institution, we demonstrate that loan officers impede borrower graduation due to common features of

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2021-11-01
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