Chapitre 9. Apparition d’un décalage entre l’offre potentielle et la demande réelle

« The first additional innovation is “progressive lending”. The idea is simple: each borrower is granted a small loan of about £50 in the first period, which is typically repayable over one year in weekly installments. Then, year after year the loan size increases as the borrower demonstrates her reliability and trustworthiness. The scheme has various advantages, one of which is that it enables microlenders to “test” borrowers with small loans at the start in order to screen out the worst prospects before taking additional risks by expanding loan scale.Also, increases the opportunity cost of nonrepayment in that borrowers become increasingly fearful about being denied access to credit in the future since nonpayment will trigger cut-off from a growing stream of future loans » [Armendariz de Aghion et Morduch, 2004 : 141 ].