Table 3.

Scores for guarantees in MFIs

ScoreGuarantees
1Guarantees with traditional assets and goods or a classic guarantor: personal guarantees, mortgages, goods such as vehicles, etc.
2Guarantees with non-traditional assets and goods: jewellery, seeds or other goods that have value but are not traditionally recognised as collateral (atypical and novel elements)
3Experience or track record with the entity itself, which exempts it from other guarantees, for example, with a scheme of increasing loan amounts
4Community guarantee, based on the group’s track record, or which comes from the project itself, track record and personal experience
Source(s): Authors’ own work

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