SlideShare une entreprise Scribd logo
1  sur  17
The Economics of Group Lending This is completely based on  The Economics of Microfinance (2005) Beatriz Armend á riz de Aghion & Jonathan Morduch The MIT Press, Cambridge, Massachusetts
The Principal-Agent Relationship ,[object Object],[object Object],[object Object],[object Object]
Understanding Credit Using the Principal-Agent Relationship ,[object Object],[object Object],[object Object],[object Object],[object Object]
Basic Assumptions: “No-fat” model ,[object Object],[object Object],[object Object],[object Object],[object Object]
ADVERSE SELECTION Illustration 1.1: Individual Lending ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
ADVERSE SELECTION Illustration 1.1: Individual Lending-Sensitivity ,[object Object],[object Object]
ADVERSE SELECTION Illustration 1.2: Individual Lending ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
ADVERSE SELECTION Illustration 1.2: Individual Lending-Sensitivity ,[object Object],[object Object]
ADVERSE SELECTION Illustration 1.3: Group Lending ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
EX ANTE MORAL HAZARD Illustration 2.1: Individual Lending-Without Collateral ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
EX ANTE MORAL HAZARD Illustration 2.1: Individual Lending-Without Collateral -Sensitivity ,[object Object],[object Object],[object Object]
EX ANTE MORAL HAZARD Illustration 2.2: Individual Lending-With Collateral ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
EX ANTE MORAL HAZARD Illustration 2.2: Individual Lending-With Collateral-Sensitivity ,[object Object]
EX ANTE MORAL HAZARD Illustration 2.3: Group Lending ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
EX POST MORAL HAZARD Illustration 3.1: Individual Lending with Possible Collateral ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
EX POST MORAL HAZARD Illustration 3.1: Individual Lending with Possible Collateral-Sensitivity ,[object Object]
EX POST MORAL HAZARD Illustration 3.2: Group Lending ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Contenu connexe

Tendances

Savings tools power_point_presentation_1.14.2.g1
Savings tools power_point_presentation_1.14.2.g1Savings tools power_point_presentation_1.14.2.g1
Savings tools power_point_presentation_1.14.2.g1
b34farmer
 
HUSC 3366 Chapter 4 Savings and Payment Services
HUSC 3366 Chapter 4 Savings and Payment ServicesHUSC 3366 Chapter 4 Savings and Payment Services
HUSC 3366 Chapter 4 Savings and Payment Services
Rita Conley
 
Life insurance products
Life   insurance   productsLife   insurance   products
Life insurance products
Tanmay Mohanty
 
Principle of insurance ss 2 2 nd term
Principle of insurance ss 2 2 nd termPrinciple of insurance ss 2 2 nd term
Principle of insurance ss 2 2 nd term
anoitedsolomon
 

Tendances (20)

Life Insurance Basics 2
Life Insurance Basics 2Life Insurance Basics 2
Life Insurance Basics 2
 
ISLAMIC BANKING & INSURANCE
ISLAMIC BANKING &  INSURANCE ISLAMIC BANKING &  INSURANCE
ISLAMIC BANKING & INSURANCE
 
Principles of Life insurance by Dr. Amitabh Mishra
Principles of Life insurance by Dr. Amitabh MishraPrinciples of Life insurance by Dr. Amitabh Mishra
Principles of Life insurance by Dr. Amitabh Mishra
 
Savings tools power_point_presentation_1.14.2.g1
Savings tools power_point_presentation_1.14.2.g1Savings tools power_point_presentation_1.14.2.g1
Savings tools power_point_presentation_1.14.2.g1
 
TYPES OF LIFE INSURANCE POLICIES IN INDIA
TYPES OF  LIFE INSURANCE POLICIES IN INDIATYPES OF  LIFE INSURANCE POLICIES IN INDIA
TYPES OF LIFE INSURANCE POLICIES IN INDIA
 
Life Insurance Basics 1
Life Insurance Basics 1Life Insurance Basics 1
Life Insurance Basics 1
 
Revised Version of Risk Management - a conceptual framework
Revised Version of Risk Management - a conceptual frameworkRevised Version of Risk Management - a conceptual framework
Revised Version of Risk Management - a conceptual framework
 
Insurance risk
Insurance riskInsurance risk
Insurance risk
 
Loans against life insurance policies
Loans against life insurance policiesLoans against life insurance policies
Loans against life insurance policies
 
Life Insurance Basics 3
Life Insurance Basics 3Life Insurance Basics 3
Life Insurance Basics 3
 
HUSC 3366 Chapter 8 Home and Automobile Insurance
HUSC 3366 Chapter 8 Home and Automobile InsuranceHUSC 3366 Chapter 8 Home and Automobile Insurance
HUSC 3366 Chapter 8 Home and Automobile Insurance
 
Life insurance basics
Life insurance basicsLife insurance basics
Life insurance basics
 
Life insurance
Life insuranceLife insurance
Life insurance
 
Understanding Term Life Insurance
Understanding Term Life InsuranceUnderstanding Term Life Insurance
Understanding Term Life Insurance
 
HUSC 3366 Chapter 4 Savings and Payment Services
HUSC 3366 Chapter 4 Savings and Payment ServicesHUSC 3366 Chapter 4 Savings and Payment Services
HUSC 3366 Chapter 4 Savings and Payment Services
 
Understanding Iul
Understanding IulUnderstanding Iul
Understanding Iul
 
Life insurance products
Life   insurance   productsLife   insurance   products
Life insurance products
 
Final Expense Benefit Insurance
Final Expense Benefit InsuranceFinal Expense Benefit Insurance
Final Expense Benefit Insurance
 
Principle of insurance ss 2 2 nd term
Principle of insurance ss 2 2 nd termPrinciple of insurance ss 2 2 nd term
Principle of insurance ss 2 2 nd term
 
Life Insurance
Life InsuranceLife Insurance
Life Insurance
 

Similaire à Group lendingprimer

Creditrisk 131124053058-phpapp01
Creditrisk 131124053058-phpapp01Creditrisk 131124053058-phpapp01
Creditrisk 131124053058-phpapp01
Zuhaib297
 
Financial guarantee 1[1]-music [recovered]-5-01-09
Financial guarantee 1[1]-music [recovered]-5-01-09Financial guarantee 1[1]-music [recovered]-5-01-09
Financial guarantee 1[1]-music [recovered]-5-01-09
Barbara Angel Polinice
 
Financial Guarantee 1[1] Music [Recovered] 5 01 09
Financial Guarantee 1[1] Music [Recovered] 5 01 09Financial Guarantee 1[1] Music [Recovered] 5 01 09
Financial Guarantee 1[1] Music [Recovered] 5 01 09
BPANGEL13
 
Chapter 22_Insurance Companies and Pension Funds
Chapter 22_Insurance Companies and Pension FundsChapter 22_Insurance Companies and Pension Funds
Chapter 22_Insurance Companies and Pension Funds
Rusman Mukhlis
 
Health insurance glossary
Health insurance glossaryHealth insurance glossary
Health insurance glossary
Neetu Marwah
 
Self insured medical plans at great risk
Self insured medical plans at great riskSelf insured medical plans at great risk
Self insured medical plans at great risk
JoeCarlton21
 

Similaire à Group lendingprimer (20)

Creditrisk 131124053058-phpapp01
Creditrisk 131124053058-phpapp01Creditrisk 131124053058-phpapp01
Creditrisk 131124053058-phpapp01
 
Financial guarantee 1[1]-music [recovered]-5-01-09
Financial guarantee 1[1]-music [recovered]-5-01-09Financial guarantee 1[1]-music [recovered]-5-01-09
Financial guarantee 1[1]-music [recovered]-5-01-09
 
01.1 credit risk factors and measures
01.1   credit risk factors and measures01.1   credit risk factors and measures
01.1 credit risk factors and measures
 
Underwriting in Insurance
Underwriting in InsuranceUnderwriting in Insurance
Underwriting in Insurance
 
Depository institutions chapter
Depository institutions chapter Depository institutions chapter
Depository institutions chapter
 
Primary Financing Sources for a Business Loans
Primary Financing Sources for a Business LoansPrimary Financing Sources for a Business Loans
Primary Financing Sources for a Business Loans
 
Financial Guarantee 1[1] Music [Recovered] 5 01 09
Financial Guarantee 1[1] Music [Recovered] 5 01 09Financial Guarantee 1[1] Music [Recovered] 5 01 09
Financial Guarantee 1[1] Music [Recovered] 5 01 09
 
Assignmnet.pptx
Assignmnet.pptxAssignmnet.pptx
Assignmnet.pptx
 
PCEIA English Version
PCEIA English VersionPCEIA English Version
PCEIA English Version
 
HUSC 3366 Chapter 10 Financial Planning with Life Insurance
HUSC 3366 Chapter 10 Financial Planning with Life InsuranceHUSC 3366 Chapter 10 Financial Planning with Life Insurance
HUSC 3366 Chapter 10 Financial Planning with Life Insurance
 
Chapter 22_Insurance Companies and Pension Funds
Chapter 22_Insurance Companies and Pension FundsChapter 22_Insurance Companies and Pension Funds
Chapter 22_Insurance Companies and Pension Funds
 
Credit risk
Credit riskCredit risk
Credit risk
 
Insurance Companies
Insurance CompaniesInsurance Companies
Insurance Companies
 
Chapter B.9 of UN TP Manual: Intra-Group Financial Transactions - Part 2
Chapter B.9 of UN TP Manual: Intra-Group Financial Transactions - Part 2Chapter B.9 of UN TP Manual: Intra-Group Financial Transactions - Part 2
Chapter B.9 of UN TP Manual: Intra-Group Financial Transactions - Part 2
 
Chapter 5 Risk Management and Takaful Planning
Chapter 5 Risk Management and Takaful PlanningChapter 5 Risk Management and Takaful Planning
Chapter 5 Risk Management and Takaful Planning
 
financial instruments provide by bank.pdf
financial instruments provide by bank.pdffinancial instruments provide by bank.pdf
financial instruments provide by bank.pdf
 
Health insurance glossary
Health insurance glossaryHealth insurance glossary
Health insurance glossary
 
PRINCIPLES OF INSURANCE.pptx
PRINCIPLES OF INSURANCE.pptxPRINCIPLES OF INSURANCE.pptx
PRINCIPLES OF INSURANCE.pptx
 
factors considered when estimating the rate of return
factors considered when estimating the rate of returnfactors considered when estimating the rate of return
factors considered when estimating the rate of return
 
Self insured medical plans at great risk
Self insured medical plans at great riskSelf insured medical plans at great risk
Self insured medical plans at great risk
 

Plus de snb9899

Transformation
TransformationTransformation
Transformation
snb9899
 
Wwb nancy barry
Wwb nancy barryWwb nancy barry
Wwb nancy barry
snb9899
 
Sirtaine (1)
Sirtaine (1)Sirtaine (1)
Sirtaine (1)
snb9899
 
Track 2 b mor-icici microfinance bank
Track 2 b mor-icici microfinance bankTrack 2 b mor-icici microfinance bank
Track 2 b mor-icici microfinance bank
snb9899
 
Sourcefinance
SourcefinanceSourcefinance
Sourcefinance
snb9899
 
Se mirg 24_sept
Se mirg 24_septSe mirg 24_sept
Se mirg 24_sept
snb9899
 
Sanchetna ria
Sanchetna riaSanchetna ria
Sanchetna ria
snb9899
 
Sample guide tomicrofinance
Sample guide tomicrofinanceSample guide tomicrofinance
Sample guide tomicrofinance
snb9899
 
Samer abudalo
Samer abudaloSamer abudalo
Samer abudalo
snb9899
 
Ratan mf tech_path_bmgf
Ratan mf tech_path_bmgfRatan mf tech_path_bmgf
Ratan mf tech_path_bmgf
snb9899
 
Presentation materials measuring performance
Presentation materials   measuring performancePresentation materials   measuring performance
Presentation materials measuring performance
snb9899
 
Presentation kecia rust
Presentation kecia rustPresentation kecia rust
Presentation kecia rust
snb9899
 
Pe1 050401a1 en
Pe1 050401a1 enPe1 050401a1 en
Pe1 050401a1 en
snb9899
 
Overview of mis mr. ramachandran
Overview of mis mr. ramachandranOverview of mis mr. ramachandran
Overview of mis mr. ramachandran
snb9899
 
N srinivasan
N srinivasanN srinivasan
N srinivasan
snb9899
 
Niamh goggin
Niamh gogginNiamh goggin
Niamh goggin
snb9899
 
Mr ali-shaker,first-day-second-meeting-16-8-2009
Mr  ali-shaker,first-day-second-meeting-16-8-2009Mr  ali-shaker,first-day-second-meeting-16-8-2009
Mr ali-shaker,first-day-second-meeting-16-8-2009
snb9899
 
Microfinance annie
Microfinance annieMicrofinance annie
Microfinance annie
snb9899
 

Plus de snb9899 (20)

Transformation
TransformationTransformation
Transformation
 
Wwb nancy barry
Wwb nancy barryWwb nancy barry
Wwb nancy barry
 
T beck
T beckT beck
T beck
 
Sirtaine (1)
Sirtaine (1)Sirtaine (1)
Sirtaine (1)
 
Track 2 b mor-icici microfinance bank
Track 2 b mor-icici microfinance bankTrack 2 b mor-icici microfinance bank
Track 2 b mor-icici microfinance bank
 
Sourcefinance
SourcefinanceSourcefinance
Sourcefinance
 
Se mirg 24_sept
Se mirg 24_septSe mirg 24_sept
Se mirg 24_sept
 
Sanchetna ria
Sanchetna riaSanchetna ria
Sanchetna ria
 
Sample guide tomicrofinance
Sample guide tomicrofinanceSample guide tomicrofinance
Sample guide tomicrofinance
 
Samer abudalo
Samer abudaloSamer abudalo
Samer abudalo
 
Rinne
RinneRinne
Rinne
 
Ratan mf tech_path_bmgf
Ratan mf tech_path_bmgfRatan mf tech_path_bmgf
Ratan mf tech_path_bmgf
 
Presentation materials measuring performance
Presentation materials   measuring performancePresentation materials   measuring performance
Presentation materials measuring performance
 
Presentation kecia rust
Presentation kecia rustPresentation kecia rust
Presentation kecia rust
 
Pe1 050401a1 en
Pe1 050401a1 enPe1 050401a1 en
Pe1 050401a1 en
 
Overview of mis mr. ramachandran
Overview of mis mr. ramachandranOverview of mis mr. ramachandran
Overview of mis mr. ramachandran
 
N srinivasan
N srinivasanN srinivasan
N srinivasan
 
Niamh goggin
Niamh gogginNiamh goggin
Niamh goggin
 
Mr ali-shaker,first-day-second-meeting-16-8-2009
Mr  ali-shaker,first-day-second-meeting-16-8-2009Mr  ali-shaker,first-day-second-meeting-16-8-2009
Mr ali-shaker,first-day-second-meeting-16-8-2009
 
Microfinance annie
Microfinance annieMicrofinance annie
Microfinance annie
 

Dernier

VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
dipikadinghjn ( Why You Choose Us? ) Escorts
 
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
dipikadinghjn ( Why You Choose Us? ) Escorts
 
20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf
Adnet Communications
 
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual serviceCALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
anilsa9823
 

Dernier (20)

VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
 
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
 
The Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfThe Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdf
 
Log your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaignLog your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaign
 
The Economic History of the U.S. Lecture 25.pdf
The Economic History of the U.S. Lecture 25.pdfThe Economic History of the U.S. Lecture 25.pdf
The Economic History of the U.S. Lecture 25.pdf
 
00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx
 
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikHigh Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
 
The Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdfThe Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdf
 
The Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfThe Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdf
 
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
 
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
 
The Economic History of the U.S. Lecture 21.pdf
The Economic History of the U.S. Lecture 21.pdfThe Economic History of the U.S. Lecture 21.pdf
The Economic History of the U.S. Lecture 21.pdf
 
Indore Real Estate Market Trends Report.pdf
Indore Real Estate Market Trends Report.pdfIndore Real Estate Market Trends Report.pdf
Indore Real Estate Market Trends Report.pdf
 
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
 
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323  ✅Call Girls In Chembur ( Mumbai ) secure serviceWhatsApp 📞 Call : 9892124323  ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
 
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
 
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
Booking open Available Pune Call Girls Talegaon Dabhade  6297143586 Call Hot ...Booking open Available Pune Call Girls Talegaon Dabhade  6297143586 Call Hot ...
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
 
20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf
 
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual serviceCALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
CALL ON ➥8923113531 🔝Call Girls Gomti Nagar Lucknow best sexual service
 
The Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdfThe Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdf
 

Group lendingprimer

  • 1. The Economics of Group Lending This is completely based on The Economics of Microfinance (2005) Beatriz Armend á riz de Aghion & Jonathan Morduch The MIT Press, Cambridge, Massachusetts
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.