Analysis and design of microfinance services: a case of ROSCA

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Rotating savings and credit association (ROSCA) is a well-known microfinance association widely used in many countries around the world with long histories. By considering extra profits that such a system can provide when compared to banking transactions, we develop optimization problems to achieve an optimal design of a ROSCA. We find that ROSCAs might attract investors when deposit and loan rates from formal banking systems are not favorable. Furthermore, optimal rates and optimal orders to maximize system outputs are reported.
Publisher
TAYLOR & FRANCIS INC
Issue Date
2017-07
Language
English
Article Type
Article
Keywords

CREDIT ASSOCIATIONS; ROTATING SAVINGS; EFFICIENCY; ECONOMICS; INSTITUTIONS; ALLOCATION; AFRICA

Citation

ENGINEERING ECONOMIST, v.62, no.3, pp.197 - 230

ISSN
0013-791X
DOI
10.1080/0013791X.2016.1236305
URI
http://hdl.handle.net/10203/226176
Appears in Collection
MA-Journal Papers(저널논문)IE-Journal Papers(저널논문)
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