Hello, Certainly, even with Joint Liability Group lending, both the borrower and the guarantor can never be part of the same group without introducing moral hazard. Perhaps the usage of 'guarantor' is intended differently from the conventional sense in which this term is used.
At other microfinance organisations, even in India, the guarantor is usually a close relative to the borrower. The guarantor is also never required to sign paperwork that legally obliges them to step in and meet any loan obligation the borrower fails to fulfill, but is named in the loan application The validation criteria that are proposed also seem brittle and inappropriate. For e.g.: if every borrower on the group can only be guarantor to one other group member and if all members must have a guarantor, then every member is a guarantor to someone else on the group. Regards, Krishnan Mani India, skype: krishnanm75 -----Original Message----- From: info <[email protected]> Date: Sat, 10 Dec 2011 18:45:16 To: A good place to start for users or folks new to Mifos.<[email protected]> Reply-To: "A good place to start for users or folks new to Mifos." <[email protected]> Subject: [Mifos-users] Guarantor selection ------------------------------------------------------------------------------ Learn Windows Azure Live! Tuesday, Dec 13, 2011 Microsoft is holding a special Learn Windows Azure training event for developers. It will provide a great way to learn Windows Azure and what it provides. You can attend the event by watching it streamed LIVE online. Learn more at http://p.sf.net/sfu/ms-windowsazure ------------------------------------------------------------------------------ Learn Windows Azure Live! Tuesday, Dec 13, 2011 Microsoft is holding a special Learn Windows Azure training event for developers. It will provide a great way to learn Windows Azure and what it provides. You can attend the event by watching it streamed LIVE online. Learn more at http://p.sf.net/sfu/ms-windowsazure _______________________________________________ Mifos-users mailing list [email protected] https://lists.sourceforge.net/lists/listinfo/mifos-users
