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CREDIT RISK IN MICROCREDIT: HOW DOES GENDER MATTER?

Mathias Schmit and Helena Marrez
Savings and Development
Vol. 34, No. 3 (2010), pp. 369-388
Stable URL: http://www.jstor.org/stable/41803650
Page Count: 20
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
CREDIT RISK IN MICROCREDIT: HOW DOES GENDER MATTER?
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Abstract

This paper is the first to analyze the credit risk of a microfinance institution based on the loan portfolio of a leading Maghrebian MFI, both in terms of number of clients served and of portfolio size. This allows us to work with a proprietary data set of 1,144,770 contracts issued between 1997 and 2007. Using a resampling technique, we estimate the probability density function of losses and value-at-risk measures for a portfolio of loans granted to female and male microfinance clients. Results show similarities and differences in credit risk between male and female clients with implications in terms of capital requirements. Cet article est le premier à analyser le risque crédit supporté par une institution de microfinance. L'étude est basée sur un portefeuille d'une institution de microcrédit leader en Afrique du Nord. Le portefeuille inclut 1.144.770 contrats émis entre 1997 et 2007. Nous avons estimé les fonctions de densité des pertes et la VaR pour des portefeuilles octroyés aux clients masculins d'une part et aux clients féminins d'autres part. L'article analyse les similarités et les différences en matière de risque crédit en fonction du genre du client et les implications sur les exigences en fonds propres.

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