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dc.contributor.authorBiancini, Sara
dc.contributor.authorEttinger, David
dc.contributor.authorVenet, Baptiste
dc.date.accessioned2019-09-23T14:17:37Z
dc.date.available2019-09-23T14:17:37Z
dc.date.issued2017
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/19898
dc.language.isoenen
dc.subjectmicrofinanceen
dc.subjectdonorsen
dc.subjectpovertyen
dc.subjectscreeningen
dc.subject.ddc338.9en
dc.subject.classificationjelG.G2.G21en
dc.subject.classificationjelO.O1.O16en
dc.subject.classificationjelO.O1.O12en
dc.titleMission Drift in microcredit and Microfinance Institution Incentivesen
dc.typeDocument de travail / Working paper
dc.description.abstractenWe analyze the relationship between Microfinance Institutions (MFIs) and external donors, withthe aim of contributing to the debate on “mission drift” in microfinance. We assume that boththe donor and the MFI are pro-poor, possibly at different extents. Borrowers can be (very) pooror wealthier (but still unbanked). Incentives have to be provided to the MFI to exert costly effortto identify the more valuable projects and to choose the right share of poorer borrowers (theoptimal level of poor outreach). We first concentrate on hidden action. We show thatasymmetric information can distort the share of very poor borrowers reached by loans, thusincreasing mission drift. We then concentrate on hidden types, assuming that MFIs arecharacterized by unobservable heterogeneity on the cost of effort. In this case, asymmetricinformation does not necessarily increase the mission drift. The incentive compatible contractspush efficient MFIs to serve a higher share of poorer borrowers, while less efficient onesdecrease their poor outreach.en
dc.publisher.nameCESifoen
dc.publisher.cityMunichen
dc.identifier.citationpages27en
dc.relation.ispartofseriestitleCESifo Working Paperen
dc.relation.ispartofseriesnumber6332en
dc.contributor.countryeditoruniversityotherFRANCE
dc.subject.ddclabelCroissance et développement économiquesen
dc.description.ssrncandidatenonen
dc.description.halcandidateouien
dc.description.readershiprechercheen
dc.description.audienceInternationalen
dc.date.updated2019-09-23T14:14:09Z
hal.person.labIds894$$$10592
hal.person.labIds60$$$163511
hal.person.labIds163511
hal.identifierhal-02294739*


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