Access to finance for the purchase of productive assets is central to the success of small firms. This project studies three scalable financial instruments designed to address behavioural constraints that may limit small firms’ financial access, investment and technology adoption:
asset-collateralised loans (ACLs);
layaway contracts; and
a hybrid layaway-ACL...
14 Nov 2019 | Michael Kremer, Kevin Carney, Xinyue Lin, Gautam Rao
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