...Shirsendu Mukherjee; Sukanta Bhattacharya Purpose – This paper aims to offer a theory on optimal group size. To overcome the problems of institutional credit facilities to the poor and marginal people, Joint Liability Group Lending (JLGL) is often considered as a better option. However...

... Tenancy Joint liability One expects that a tripartite coalition can improve upon this outcome. We show that is indeed the case and further, if two restrictions are imposed, there are interesting tenancy implications as well. The first restriction is that the creditor cannot receive any lump sum...