Microcredit in Developed Countries: the Case of Quebec
|Author:||Mgr. Nicolas Griss-Trempe|
|Year:||2013 - summer|
|Leaders:|| prof. Ing. Karel Janda M.A., Dr., Ph.D.
|Work type:|| Masters
|Awards and prizes:|
|Abstract:||Microcredit in developed countries behaves in a dierent way than in developing countries. Not only
are there bigger obstacles to surpass, like regulation and heavy competition, but also the main driver for
microcredit, peer pressure, is almost inexistent. Microcredit institutions turn to a dierent technique to
ensure high repayment rates; they follow the loan using training and weekly meetings. However, this
procedure has high costs and the institutions must plead for donations from public and private gures.
Ensuring these donations come with higher repayment rates. Thus, we will observe which characteristic
of a group loan has a positive or negative impact on the repayment rates using data from the Quebec
institution of the RQCC. These variables range from gender to training hours and will be regressed using