小额信贷合同还款结构的创新

IF 2.1 2区经济学 Q2 ECONOMICS

Oxford Review of Economic Policy Pub Date : 2024-03-18 DOI:10.1093/oxrep/grae002

Giorgia Barboni

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引用次数: 0

摘要

小额信贷合同通常要求固定的还款时间表，这虽然能确保还款纪律，但可能会抑制创业和业务增长。在本文中，我将回顾研究小额信贷合同还款结构创新的文献的最新进展。引入灵活的还款计划可使小额信贷借款人增加投资，并在更大程度上应对收入波动，从而改善经营成果。尽管金融创新有望促进业务增长，而且有证据表明，对金融创新的需求似乎集中在财务成熟的借款人身上，但人们担心金融创新会增加信贷风险，因此小额信贷机构对金融创新的采用非常有限。我探讨了贷款人在提供这些创新时面临的潜在挑战，并概述了实施此类合同的盈利途径。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Innovations in the repayment structure of microcredit contracts

Microfinance contracts typically require a fixed repayment schedule that, while ensuring repayment discipline, may inhibit entrepreneurship and business growth. In this article, I review the recent developments in the literature studying innovations in the repayment structure of microcredit contracts. Introducing flexible repayment schedules improves business outcomes by allowing microcredit borrowers to increase investment and to respond to income fluctuations to a higher extent. Although financial innovations hold the promise to foster business growth, and evidence suggests that their demand appears concentrated among financially sophisticated borrowers, they are feared to increase credit risk and hence their adoption among microfinance institutions is very limited. I explore potential challenges lenders face in offering these innovations and outline pathways towards a profitable implementation of such contracts.

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来源期刊

Oxford Review of Economic Policy ECONOMICS-

CiteScore

12.50

自引率

1.50%

发文量

期刊介绍： The Oxford Review of Economic Policy is a refereed journal which is published quarterly. Each issue concentrates on a current theme in economic policy, with a balance between macro- and microeconomics, and comprises an assessment and a number of articles. It gives a valuable appraisal of economic policies worldwide. While the analysis is challenging and at the forefront of current thinking, articles are presented in non-technical language to make them readily accessible to all readers. The Oxford Review is aimed at a wide audience including government, business and policy-makers, as well as academics and students. It is required reading for those who need to know where research is leading.