TY - BOOK ID - 133408284 TI - Determinants of Repayment Performance in Indian Micro-Credit Groups AU - Deininger, Klaus AU - Liu, Yanyan PY - 2009 PB - Washington, D.C., The World Bank, DB - UniCat KW - Bankruptcy and Resolution of Financial Distress KW - Commercial banks KW - Consumption smoothing KW - Credit groups KW - Debt Markets KW - Deposit KW - Finance and Financial Sector Development KW - Group loans KW - Group savings KW - Insurance KW - International bank KW - Lender KW - Loan KW - Loan recovery KW - Micro-credit KW - Micro-finance KW - Microcredit KW - Moral hazard KW - Poor borrowers KW - Repayment KW - Repayment performance KW - Repayment rates KW - Trust fund UR - https://www.unicat.be/uniCat?func=search&query=sysid:133408284 AB - Despite their potential importance and ease of modification, impacts of monitoring and loan recovery arrangements on micro-credit groups' repayment performance have rarely been studied. Data on 3,350 expired group loans in 300 Indian villages highlight that regular monitoring and audits, high repayment frequency, consumption smoothing support through rice credit, and having group savings deposited with the lender all significantly increase repayment rates. Estimated magnitudes of their effects vastly exceed those of members' socio-economic characteristics. Significantly lower repayment on loans originating in externally provided grant resources suggests that stringent monitoring will be essential for these to have a sustainable impact. ER -