文章基本信息

标题：Joint-liability borrowing decisions under risk: Empirical evidence from rural microfinance in Ethiopia
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作者：Berhane Tesfay, G. ; Gardebroek, Cornelis
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2008
卷号：39
期号：SUPPL
出版社：Food Distribution Research Society
摘要：This paper investigates borrowing decisions of rural households from a microfinance in Tigray, Ethiopia using household panel data on 5 years and a dynamic panel probit model. The theoretical model takes two types of risk involved in joint-liability lending explicitly into account: risk of partner failure and the risk of losing future access to credit. Empirical results show that these risks are important in explaining borrowing decisions. Another finding is that the probability of repeat-borrowing is higher than the probability of new participation, with possible implications that perceived joint-liability threats deter participation and easing stringent punishments might help poor households’ access to credit.
关键词：Microfinance;risk;dynamic panel probit