1. Roscas and Microcredit Lending
The dependence on peer pressure enables the sustenance of participation and avoids default by members. ... It is not enough to have the same social setting characteristics although it is very important that people of the same social status are recruited, who are organized with others with whom they have, or come to have, a social bond and basis of reciprocated obligation, and who have faith in the everyday and honourable integrity of fellow peer group members. ... NGO organizers of peer lending groups may not have detailed knowledge of participants as they have not lived in the area they are ...
- Word Count: 869
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate