Keyword: Mohammad Yunus

Joint Liability as Loan Collateral (8/16/2000)

The Grameen Bank in Bangladesh uses joint liability as a screening device to overcome insufficient information on the soundness of individual loan projects and to circumvent the dangers of providing loans without collateral among the poor.

Keywords: asymmetric information, Bangladesh, default, Grameen Bank, joint liability, loan collateral, Mohammad Yunus, peer monitoring, repayment