Regulation is not the panacea we are looking for to cure ills of savings co-operatives

LSE alumna Prajakta Kharkar Nigam argues that education, not regulation, is what is needed for savings and credit co-operatives to be successful. This post draws upon research Prajakta pursued as part of her Masters’ thesis on microcredit contracts, titled ‘Cash-flow constraints: Impact on borrowers facing frequent repayment obligations’ and later as a research assistant at LSE STICERD.