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| Title: | Regulate Microcredit to Protect Borrowers |
| Authors: | Karnani, Aneel |
| Keywords: | Microcredit
transparency
interest rate ceiling
regulation |
| Issue Date: | Sep-2009 |
| Abstract: | Private for-profit companies are playing an ever-larger role in the microcredit industry. The volatile combination of profit seeking companies, minimal competition, and vulnerable, ill-informed, ill-educated borrowers has opened up dangerous potential for exploiting the poor. Expecting microcredit organizations to exercise self-restraint and self-regulation is naively optimistic and will not work. Regulation is needed to protect the microcredit clients in three areas: transparency, interest rate ceiling, and loan recovery practices. |
| Other Identifiers: | 1133 |
| Appears in Collections: | Ross School of Business - Working Papers Series
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| 1133_Karnani.pdf | | 329Kb | Adobe PDF | View/Open |
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