000			01098pab a2200205 454500
008			180718b2006 xxu||||| |||| 00| 0 eng d
100			_aGuha, Samapti
245			_aPossibility of default and sustainability in a random Rosca
260			_c2006
300			_ap.147-64.
362			_aMar-Jun
520			_aAn 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.
650			_aCredit - India
650			_aPoverty - India
650			_aPoverty
700			_aGupta, Gautam
773			_aArtha Vijnana
908			_aN
909			_a74321
999			_c74321 _d74321