01098pab a2200205 454500 180718b2006 xxu||||| |||| 00| 0 eng d Guha, Samapti Possibility of default and sustainability in a random Rosca 2006 p.147-64. Mar-Jun An important reason behind rural poverty in the less developed countries is the lack of access to credit. In this context `Micro finance' programmes play a crucial role. The most common form of micro finance institution in India is rotating savings and credit associatins (Rosca). This paper develops a stylized model where possibility of default exists in a Rosca. We investigate if the Rosca can survive even when some members default. Consequently, this model analyses the condition for sustainability of the Rosca in presence of default. Policy implications of this result are also discussed. - Reproduced. Credit - India Poverty - India Poverty Gupta, Gautam Artha Vijnana N 74321 74321 74321 0 0 0 0 IIPA IIPA 2018-07-19 Volume no: 48, Issue no: 1-2 AR74781 2018-07-19 2018-07-19 AR