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What is Joint Liability

Chapter 12
Handbook of Research on Digital Marketing Innovations in Social Entrepreneurship and Solidarity Economics
It is microfinance lending methodology where a group of individuals is all responsible for each other’s loans if one member defaults. Group liability may improve repayment rates, but it also raises the possibility that bad clients will take advantage of good clients in their liability group.
Published in Chapter:
Joint Liability Lending, Entrepreneurial Development, and Poverty Reduction
Christopher Boachie (Central University, Ghana)
Copyright: © 2019 |Pages: 19
DOI: 10.4018/978-1-5225-8939-6.ch012
Abstract
The purpose of this chapter is to examine the effect of joint liability lending on micro businesses in Madina municipality. Joint liability lending has become a popular and fashionable word in financial and development circles. It is a cross-sectional survey study and used both primary and secondary data on joint liability lending. The study reveals that joint liability lending improves entrepreneurship and reduces poverty. There exists a significant relationship between joint liability lending and a high repayment rate. The implications are that individual within the group are encouraged to continue saving and microfinance institutions should continue investing in educating and training clients to improve upon their micro businesses.
Full Text Chapter Download: US $37.50 Add to Cart
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Chapter 15
Joint Liability Lending, Entrepreneurial Development, and Poverty Reduction
Microfinance lending methodology where a group of individuals are all responsible for each other’s loans if one member defaults. Group liability may improve repayment rates but it also raises the possibility that bad clients will take advantage of good clients in their liability group.
Published in Chapter: Joint Liability Lending, Entrepreneurial Development, and Poverty Reduction; From: Handbook of Research on Social Entrepreneurship and Solidarity Economics
Full Text Chapter Download: US $37.50 Add to Cart
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