Innovating microcredit: how fintechs change the field

IF 3.3 Q1 BUSINESS, FINANCE
Rodrigo Leite , Layla Mendes , Emmanuel Camelo
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引用次数: 0

Abstract

We explore the relationship between traditional microfinance screening variables and a new one (job experience) for a Brazilian fintech microcredit firm, which developed a strategy that targets poor workers using the clients’ job contracts as collateral and by implementing a 100% online application. A total of 911 contracts were analyzed. Unlike previous studies, we show that the main variable used for screening is job experience: borrowers with lengthy experience in their current jobs received larger loans with lower interest rates while maintaining smaller delinquencies. Additionally, we find that women receive lower interest rates and longer loan durations because of their job experience. We theorize that job experience helps to reduce the “collateral gap” between genders in Brazilian microcredit markets.

创新小额信贷:金融科技如何改变这一领域
我们探讨了巴西一家金融科技小额信贷公司的传统小额信贷筛选变量与新变量(工作经验)之间的关系,该公司制定了一项战略,利用客户的工作合同作为抵押,并通过实施 100% 的在线申请,将目标锁定在贫困工人身上。我们共分析了 911 份合同。与以往的研究不同,我们的研究表明,用于筛选的主要变量是工作经验:在当前工作中拥有长期工作经验的借款人获得的贷款额度更大、利率更低,同时拖欠率也更低。此外,我们还发现,女性因其工作经验而获得了更低的贷款利率和更长的贷款期限。我们推断,工作经验有助于缩小巴西小额信贷市场中两性之间的 "抵押品差距"。
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来源期刊
CiteScore
6.20
自引率
2.60%
发文量
31
期刊介绍: Journal of Economics and Business: Studies in Corporate and Financial Behavior. The Journal publishes high quality research papers in all fields of finance and in closely related fields of economics. The Journal is interested in both theoretical and applied research with an emphasis on topics in corporate finance, financial markets and institutions, and investments. Research in real estate, insurance, monetary theory and policy, and industrial organization is also welcomed. Papers that deal with the relation between the financial structure of firms and the industrial structure of the product market are especially encouraged.
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