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104th Seminar, September 5-8, 2007, Budapest, Hungary >
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| Title: | REPAYMENT PERFORMANCE UNDER JOINT LIABILITY BORROWING. DOES SOCIAL CAPITAL MATTER?: EVIDENCE FROM ARMENIA |
| Authors: | Kasarjyan, Milada
Fritzsch, Jana
Buchenrieder, Gertrud
Korff, Rudiger |
| Keywords: | microcredit
social capital
group liability
repayment |
| Issue Date: | 2007 |
| Series/Report no.: | European Association of Agricultural Economists 104th Seminar - 2007 |
| Abstract: | The aim of this paper is to test empirically the role of both cognitive and structural social capital
in explaining the repayment performance of individual members under joint liability borrowing
in rural Armenia. Based on unique primary data collected in 2006 in Ararat, Armavir and Vayots
Dzor provinces, overall 86 observations, we estimated the Logit model to identify the
determinants associated with good or bad repayment behavior of individual members.
The results revealed that the members with higher level of structural and cognitive social capital
as well as with higher farm productivity performed better. This indicates the importance of social
as well as economic determinants for the decision and the ability of borrowerÂ’s to repay the
credit. |
| URI: | http://purl.umn.edu/7796 |
| Institution/Association: | European Association of Agricultural Economists>104th Seminar, September 5-8, 2007, Budapest, Hungary |
| Total Pages: | 8 |
| Language: | English |
| Collections: | 104th Seminar, September 5-8, 2007, Budapest, Hungary
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