John Papp is an Independent Researcher.
Content by John Papp
Financiers across the world structure debt contracts to limit the risk of entrepreneurial lending. But debt structures that reduce risk may inhibit enterprise growth, especially among the poor. Using a field experiment we quantify the short- and long-run tradeoffs associated with the classic microfinance debt contract. We contrast the classic contract which requires that...
Publication - Policy Brief
Publication - Working Paper
As governments decide on the optimal regulation for the microfinance sector, key questions include the appropriate interest rate and repayment structure. This project investigates the benefits and costs of introducing greater flexibility into the classic repayment structure of microfinance institution (MFI) loans, which requires small installments starting immediately after...