Public-private partnerships in micro-finance: Should NGO involvement be restricted?

• 成果类型: Article
• 署名作者: Roy, Jaideep; Chowdhury, Prabal Roy
• 署名单位: Indian Statistical Institute; Indian Statistical Institute Delhi; Brunel University
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2008.11.001
• 发表日期: 2009
• 页码: 200-208
• 关键词: public-private partnerships; Micro-finance; Motivated agent; NGO; OWNERSHIP

摘要

This paper examines public-private partnerships in micro-finance, whereby NGOs can help in channelizing credit to the poor, both in borrower selection, as well as in project implementation. We argue that a distortion may arise out of the fact that the private partner, i.e. the NGO, is a motivated agent. We find that whenever the project is neither too productive, nor too unproductive, reducing such distortion requires unbundling borrower selection and project implementation, with the NGO being involved in borrower selection only. Further, we compare and contrast two alternative credit delivery mechanisms, the linkage mechanism (which is the focus of this paper), with the 'Grameen' one. (C) 2008 Elsevier B.V. All rights reserved.