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What is Social Capital in Philippine Microfinance about?

This document summarizes a study examining how social capital is affected in the microfinance sector by policies that aim to strengthen informal groups of poor households and microfinance institutions. It discusses how the institutional and regulatory framework in the Philippines has historically hampered the growth of local financial intermediaries through interest rate ceilings and directed credit programs. However, financial deregulation in the 1980s-1990s allowed for the development of a national microf

Author

Jan Gasiorowski

Language

EN