A new approach to microfinance

Maitra, P., Mitra, S., Mookherjee, D., Motta, A. & Visaria, S. (2014). A new approach to microfinance.
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Traditional microcredit has had limited success at enabling farmers to expand the cultivation of risky but profitable cash crops. A new approach that uses local intermediaries and aligns their incentives with farmer profits could generate better outcomes for agricultural production and incomes

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