Publication: Determinants of Repayment Performance in Microcredit Programs: A Review of Literature
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Date
2010-11
Journal Title
Journal ISSN
Volume Title
Publisher
Center for Promoting Ideas (CPI), USA
Abstract
The aim of microcredit is to help the poor and lower income group to get funds for their business activities and to improve their lives. Usually, the loans given are very small, in short term period, no collateral needed and required weekly repayment. However, repayment problems become the main obstacle for the microcredit institutions to continue providing microcredit services. This is because most of the microcredit institutions are Non- Governmental Organizations (NGOs), where they received funds from the government and donors and there are not profits oriented organizations. Therefore, this paper tries to review the determinants of repayment performances in microcredit programs which can be divided into four factors namely borrower characteristics, firm characteristics, loan characteristics and lender characteristics.
Description
Volume:1 No: 2 (page: 152-161)
Keywords
Repayment Performance, Microcredit Programs, NGOs
Citation
Nawai, N., Noor, M., & Shariff, M. (2010). Determinants of Repayment Performance in Microcredit Programs: A Review of Literature. International Journal of Business and Social Science, 1(2). http://ijbssnet.com/journals/Vol._1_No._2_November_2010/12.pdf