DO GROUP DYNAMICS INFLUENCE SOCIAL CAPITAL GAINS AMONG MICROFINANCE CLIENTS? EVIDENCE FROM A RANDOMIZED EXPERIMENT IN URBAN INDIA
As an intrinsic part of the classic microfinance model, group meetings are intended to employ social capital to ensure timely repayment. Recent research suggests that more frequent meetings can increase social capital among first-time clients. Using randomized variation in group meeting frequency fo...
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| Veröffentlicht in: | Journal of policy analysis and management 2014-09, Vol.33 (4), p.932-949 |
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| container_title | Journal of policy analysis and management |
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| creator | Feigenberg, Benjamin Field, Erica Pande, Rohini Rigol, Natalia Sarkar, Shayak |
| description | As an intrinsic part of the classic microfinance model, group meetings are intended to employ social capital to ensure timely repayment. Recent research suggests that more frequent meetings can increase social capital among first-time clients. Using randomized variation in group meeting frequency for 174 microfinance groups in India, we demonstrate that social capital gains associated with more frequent meetings continue to accrue across multiple lending cycles. However, these effects are reduced when group members differ in their borrowing history. In addition, clients who start with low levels of empowerment report higher social capital gains when matched with similar clients. We discuss how current microfinance policy debates overlook the creation of social capital, including through repayment meeting frequency, and we encourage regulators to undertake a holistic understanding of microfinance's impacts. © 2014 by the Association for Public Policy Analysis and Management. |
| doi_str_mv | 10.1002/pam.21790 |
| format | Article |
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However, these effects are reduced when group members differ in their borrowing history. In addition, clients who start with low levels of empowerment report higher social capital gains when matched with similar clients. 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| identifier | ISSN: 0276-8739 |
| ispartof | Journal of policy analysis and management, 2014-09, Vol.33 (4), p.932-949 |
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| source | Wiley Online Library - AutoHoldings Journals; PAIS Index; EBSCOhost Business Source Complete; JSTOR Archive Collection A-Z Listing |
| subjects | Capital gains Customers Debt repayment Economic regulation Empowerment Group dynamics India Loans Meetings Microfinance Neighborhoods Public policy Regulation of financial institutions Regulatory agencies Repayments Social capital Social interaction Standard deviation Studies Urban areas |
| title | DO GROUP DYNAMICS INFLUENCE SOCIAL CAPITAL GAINS AMONG MICROFINANCE CLIENTS? EVIDENCE FROM A RANDOMIZED EXPERIMENT IN URBAN INDIA |
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