Inflexible microcredit contracts and their discontents: A theoretical perspective based on consumer psychology
Typical microcredit contracts involve inflexibilities characterised by frequent periodic repayments without the option to restructure the same depending on emerging contingencies. Such inflexibilities increase financial stress and severely curtail autonomy, resulting in detrimental economic and psyc...
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| Format: | Article |
| Language: | English |
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Elsevier
2020-03-01
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| Series: | IIMB Management Review |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S0970389617301040 |