The Empirics of Microfinance: What Do we know?
梳理小额信贷领域的热点争论，包括连带责任小组贷款如何减少信息不对称，以及金融机构的财务可持续性与覆盖面的权衡，并提供了三项新的实证分析和首次大规模系统评估。
Microfinance has received a lot of attention recently, both from policy makers as well as in academic circles. Two of the main topics that have been hotly debated are explaining joint liability group lending and its implications for reducing information asymmetries, and the trade-off between the financial sustainability and outreach of microfinance programmes. This Feature contains three novel empirical contributions providing new insights with respect to why and how joint liability group lending works. It also contains the first large-scale systematic analysis of the trade-off between financial performance and outreach of microfinance institutions.