Between Trust and Trade: on Informal Credit Networks in India
If you were asked where people borrow from for their daily consumption needs, credit cards from mega-banks seem the obvious answer. However, across the developing world where brick-and-mortar banks are often inaccessible, individuals resort to local alternatives: ‘Kiranas’ or small grocery stores. No credit scores. No collateral. No paperwork. Just a shopkeeper’s quick judgment call,…







