Microequity and Mutuality: Experimental Evidence on Credit with Performance-Contingent Repayment
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We conduct the first field experiment of a performance-contingent microfinance contract. A large food multinational wishes to help micro-distributors in its supply chain with the financing of a productive asset. Working with the firm in Kenya, we compare asset financing under a traditional debt
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美国国家经济研究局创建时间：
2022-09-01
