How to cite this publication:

Karin Ask, Arne Wiig and Erland Sigvaldsen (1997). Repayment of old loans through new loans. Is cross-financing a problem for Grameen Bank? Bergen: Chr. Michelsen Institute (CMI Report R 1997:5)

This study analyses the problem and extent of cross-financing in the Grameen Bank system. The main finding is that cross-financing is rarely a problem. However, survey data indicate that long-term borrowers, who generally have the highest loan portfolios, turn into irregular borrowers. The study was funded by NORAD.

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