This audio underlines the unintended impact of credit programs in the context of India. Specifically, microfinance schemes can trigger a shrinkage in social networks among both borrowers as well as non-borrowers of credit. Non-borrowers lose out on community ties that they would ordinarily utilize to smooth income variations. Listen to the recording and read the paper.
Blog » The Unintended Impacts of Formal Credit Programs on Social Networks: Evidence From India
The Unintended Impacts of Formal Credit Programs on Social Networks: Evidence From India
This audio underlines the unintended impact of credit programs in the context of India. Specifically, microfinance schemes can trigger a shrinkage in social networks among both borrowers as well as non-borrowers of credit. Non-borrowers lose out on community ties that they would ordinarily utilize to smooth income variations.
Listen to the recording and read the paper.