Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/187274 
Year of Publication: 
1994
Series/Report no.: 
PIDS Discussion Paper Series No. 1994-24
Publisher: 
Philippine Institute for Development Studies (PIDS), Makati City
Abstract: 
This paper documents the interactions among borrowers that consist a group assuming joint liability. It describes the participants of group credit, their reasons for joining the group and the conditions why members are willing to assume other people's debt.
Subjects: 
risk-taking
group credit
credit market
borrower
self-selection
free-riders
transaction costs
Document Type: 
Working Paper

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