@article{Micro-Credit:1294,
      recid = {1294},
      author = {Gomez, Rafael and Santor, Eric},
      title = {Do Peer Group Members Outperform Individual Borrowers? A  Test of Peer Group Lending Using Canadian Micro-Credit  Data},
      publisher = {Bank of Canada},
      address = {2003},
      pages = {1 online resource (v, 49 pages)},
      abstract = {Microfinance institutions now serve over 10 million poor  households in the developing and developed world, and much  of their success has been attributed to their innovative  use of peer group lending. There is very little empirical  evidence, however, to suggest that group lending schemes  offer a superior institutional design over lending programs  that serve individual borrowers. The authors find empirical  evidence that group lending does indeed lower borrower  default rates more than conventional individual lending,  and that this effect operates through the dual channels of  selection into the peer lending program and, once inside  the program, greater group borrower effort.},
      url = {http://www.oar-rao.bank-banque-canada.ca/record/1294},
      doi = {https://doi.org/10.34989/swp-2003-33},
}