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Wiley InterScience | |||
  The Economic JournalVolume 115 Issue 506, Pages 987 - 1004 Published Online: 31 Oct 2005 Journal compilation © 2010 by the Royal Economic Society (Registered Charity No. 231508) Published on behalf of the Royal Economic Society
Abstract | References | Full Text: HTML, PDF (Size: 128K) | Related Articles | Citation Tracking  How Rising Competition Among Microfinance Institutions Affects Incumbent Lenders* Copyright 2005 Royal Economic Society ABSTRACTThis article uses data from Uganda's largest incumbent microfinance institution to analyse the impact of entry by competing lenders on client behaviour. We observe that rising competition does not lead to an increase in client dropout rate, but induces a decline in repayment performance and savings deposited with the incumbent, suggesting rising multiple loan-taking by clients. This joint effect on dropout and repayment is consistent with some negative information about clients and is being shared across lenders. However, the observed decline in repayment rates in a context of rising multiple loan-taking shows that information sharing about clients is far from complete. Submitted: 15 July 2003 Accepted: 16 November 2004 | 
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