What Causes Multiple Borrowing in Microfinance? A Developing Country Experience

摘要

Multiple borrowing has severely affected the microfinance industry in Bangladesh over the past 10 to 15 years. A multitude of microfinance operations, aggressive expansion, high penetration rate, and institutional leakages are the main supply-side factors. The consumption demand of the poor, new or expanding micro-enterprises, and household characteristics are the leading demand-side factors.