Effect of Consulting on Microcredit Repayment in Korea
2
조회
0
다운로드
0
인용
0
참고문헌
키워드
초록
This study examines the effect of a one-on-one outsourced pre-lending consulting service on the repayment behavior of microcredit borrowers in Korea with administrative data from the Smile Microcredit Bank. A random change in the cut-off loan amount for mandatory consulting is utilized as an identification strategy. This three-day pre-lending business consulting service is effective in encouraging repayment behavior of existing businesses but it has no significant effect on start-up loans. The effectiveness of the consulting service in deterring delinquency with regard to existing loans is greater among male borrowers than among females.
Abstract
This study examines the effect of a one-on-one outsourced pre-lending consulting service on the repayment behavior of microcredit borrowers in Korea with administrative data from the Smile Microcredit Bank. A random change in the cut-off loan amount for mandatory consulting is utilized as an identification strategy. This three-day pre-lending business consulting service is effective in encouraging repayment behavior of existing businesses but it has no significant effect on start-up loans. The effectiveness of the consulting service in deterring delinquency with regard to existing loans is greater among male borrowers than among females.
참고문헌 (21)
- Bhatt, N., "Delivering Microfinance in Developing Countries : Controversies and Policy Perspective", Policy Studies Journal, 29(2), pp.319~333 (2001)
- Besley, T., "Group Lending, Repayment Incentives and Social Collateral", Journal of Development Economics, 46, pp.1~18 (1995)
- Bratton, M., "Financing Smallholder Production : A Comparison of Individual and Group Credit Schemes in Zimbabwe", Public Administration and Development, 6, pp.115~132 (1986)
- Cull, R., "Financial Performance and Outreach: A Global Analysis of Leading Microbanks", The Economic Journal, 117(517), pp.F107~F133 (2007)
- Determinants of Repayment Performance in Indian Micro Credit Groups, "Deininger, K.", The World Bank Policy Research, ~, pp.Working Paper No. 4885 (2009)
- Field, E., "Repayment Frequency and Default in Microfinance : Evidence from India", Journal of the European Economic, 6(2-3), pp.501~509 (2008)
- Godquin., "Microfinance Repayment Performance in Bangladesh : How to Improve the Allocation of Loans by MFIs", World Development, 32(11), pp.1909~1926 (2004)
- Halder, S. R., "BRAC’s Business Development Services—Do They Pay?", Small Enterprise Development, 14(2), pp.26~35 (2003)
- Karlan, D., "Teaching Entrepreneurship : Impact of Business Training on Microfinance Clients and Institutions", Review of Economics and Statistics, 93(2), pp.510~527 (2011)
- Kevane, M., "Microenterprise Lending to Female Entrepreneurs : Sacrificing Economic Growth for Poverty Alleviation?", World Development, 29(7), pp.1225~1236 (2001)
- Khandker, Shahidur R., "Microfinance and Poverty : Evidence Using Panel Data from Bangladesh", The World Bank Economic Review, 19(2), pp.263~286 (2005)
- Grameen Bank : Performance and Sustainability, "Khandker, S. R.", World Bank, ~, pp.World Bank Discussion Paper No. 306 (1995)
- McKernan, S. M., "The Impact of Microcredit Programs on Self-employment Profits : Do Noncredit Program Aspects Matter?", Review of Economics and Statistics, 84(1), pp.93~115 (2002)
- Mel, S., "Business Training and Female Enterprise Start-up, Growth, and Dynamics : Experimental Evidence from Sri Lanka", Journal of Development Economics, 106, pp.199~210 (2014)
- Nawaz, S., "Microfinance and Poverty Reduction : Evidence from a Village Study in Bangladesh", Journal of Asian and African studies, 45(6), pp.670~683 (2010)
- Papias, Malimba Musafiri., "Repayment Behaviour in Credit and Savings Cooperative Societies : Empirical and Theoretical Evidence from Rural Rwanda", International Journal of Social Economics, 36(5), pp.608~625 (2009)
- Household and Intra-household Impact of the Grameen Bank and Similar Targeted Credit Programs in Bangladesh, "Pitt, M. M.", The World Bank, ~, pp.World Bank Discussion Papers No. 320 (1996)
- Sharma, M., "Repayment Performance in Group-based Credit Programs in Bangladesh", World development, 25(10), pp.1731~1742 (1997)
- Stiglitz, J. E., "Peer Monitoring and Credit Markets", The World Bank Economic Review, 4(3), pp.351~366 (1990)
- Wydick, B., "Can Social Cohesion Be Harnessed to Repair Market Failures? Evidence from Group Lending in Guatemala", The Economic Journal, 109(457), pp.463~475 (1999)
- Zeller, M., "Determinant of Repayment Performance in Credit Groups : The Role of Program Design, Intragroup Risk Pooling, and Social Cohesion", Economic Development and Cultural Change, 46(3), pp.599~621 (1998)