Advantage of group lending as opposed to individual lending
Discuss the advantage of group lending as opposed to individual lending. Explain why group lending achieves low default rate in average, while other formal credits do not. Be sure to mention incentive mechanism. (150 words)
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Discuss the advantage of group lending as opposed to individual lending. Explain why group lending achieves low default rate in average, while other formal credits do not. Be sure to mention incentive mechanism.
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The sequential lending strategy, which Grameen Bank adopted, is considered to have an advantage over the simultaneous lending strategy, in which all group members are given loans at the same time. Compare and contrast two strategies and explain t
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