The role of cognitive and personality characteristics in timely microcredit repayment: Evidence from a survey conducted by Provident, Mexico
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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Universidad Autónoma de Nuevo León
2020
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| Online Access: | https://ensayos.uanl.mx/index.php/ensayos/article/view/147 |
| _version_ | 1824325153968881664 |
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| author | Di Giannatale, Sonia Ventosa-Santaulària, Daniel Roa García, Maria José Elbittar, Alexander Trujano, Darío |
| author_facet | Di Giannatale, Sonia Ventosa-Santaulària, Daniel Roa García, Maria José Elbittar, Alexander Trujano, Darío |
| author_sort | Di Giannatale, Sonia |
| collection | Artículos de Revistas UANL |
| description | |
| first_indexed | 2025-02-05T19:56:21Z |
| format | Article |
| id | ensayos-article-147 |
| institution | UANL |
| language | eng |
| last_indexed | 2025-02-05T19:56:21Z |
| physical | Ensayos Revista de Economía; Vol. 39 No. 1 (2020): May 2020; 1-20 Ensayos Revista de Economía; Vol. 39 Núm. 1 (2020): MAYO 2020; 1-20 2448-8402 1870-221X |
| publishDate | 2020 |
| publisher | Universidad Autónoma de Nuevo León |
| record_format | ojs |
| spelling | ensayos-article-1472023-09-27T22:21:38Z The role of cognitive and personality characteristics in timely microcredit repayment: Evidence from a survey conducted by Provident, Mexico Di Giannatale, Sonia Ventosa-Santaulària, Daniel Roa García, Maria José Elbittar, Alexander Trujano, Darío credit repayment personality traits grit cognitive characteristics time and risk preferences D12 D14 Sustainability of microfinance institutions depends, among other factors, on having appropriate repayment levels. This article's contribution to the existing literature is the analysis of the role of a personality trait named "grit" in individual microcredit repayment decisions, alongside cognitive characteristics and time and risk preferences. This study is based on a survey of a sample of clients at 'Provident México', a formal microfinance institution that provides personal loans in vulnerable communities in Puebla, Mexico. We find evidence that, generally, older individuals possessing higher levels of grit and a tendency toward short term present bias are more likely to show no delays in loan repayments. Cognitive characteristics are inversely related to paying microcredits on time. Refinancing incentives does not play a key role in timely microcredit repayment, a result that is contrary to related literature but consistent with our finding that individuals in this sample that do not have delays in repayments are characterized by showing a short term present bias.El papel de las características cognitivas y de personalidad en el pago oportuno de microcréditos: Evidencia de una encuesta realizada por Provident, México. RESUMENLa sostenibilidad de las instituciones microfinancieras depende, entre otros factores, de tener niveles apropiados de repago. Este trabajo contribuye a la literatura existente al analizar el papel de un rasgo de personalidad denominado "diligencia" ("grit" en inglés) en las decisiones de repago de microcréditos individuales, junto con las habilidades cognitivas y las preferencias de tiempo y riesgo. Este estudio se basa en una encuesta aplicada a una muestra de clientes en 'Provident México', una institución formal de microfinanzas que ofrece préstamos personales en comunidades vulnerables en Puebla, México. Los resultados obtenidos indican que, en general, las personas mayores que poseen niveles más altos de diligencia, y que tienden a tener un sesgo por el corto plazo, tienen más probabilidades de no mostrar retrasos en el repago de los préstamos. Las características cognitivas están inversamente relacionadas con el pago de las deudas a tiempo. Los incentivos de refinanciamiento no desempeñan un papel clave en el repago a tiempo del microcrédito, contrario a la literatura. Sin embargo, en nuestra muestra, los resultados concuerdan con el sesgo por el corto plazo de los individuos que no tienen retrasos en sus pagos. Universidad Autónoma de Nuevo León 2020-05-02 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article Artículo arbitrado por pares application/pdf application/pdf application/pdf application/zip text/html application/epub+zip application/xml https://ensayos.uanl.mx/index.php/ensayos/article/view/147 10.29105/ensayos39.1-1 Ensayos Revista de Economía; Vol. 39 No. 1 (2020): May 2020; 1-20 Ensayos Revista de Economía; Vol. 39 Núm. 1 (2020): MAYO 2020; 1-20 2448-8402 1870-221X eng https://ensayos.uanl.mx/index.php/ensayos/article/view/147/174 https://ensayos.uanl.mx/index.php/ensayos/article/view/147/170 https://ensayos.uanl.mx/index.php/ensayos/article/view/147/171 https://ensayos.uanl.mx/index.php/ensayos/article/view/147/172 https://ensayos.uanl.mx/index.php/ensayos/article/view/147/192 https://ensayos.uanl.mx/index.php/ensayos/article/view/147/193 https://ensayos.uanl.mx/index.php/ensayos/article/view/147/195 Derechos de autor 2020 Sonia Di Giannatale, Daniel Ventosa-Santaulària, Maria José Roa, Alexander Elbittar, Darío Trujano https://creativecommons.org/licenses/by/4.0 |
| spellingShingle | credit repayment personality traits grit cognitive characteristics time and risk preferences D12 D14 Di Giannatale, Sonia Ventosa-Santaulària, Daniel Roa García, Maria José Elbittar, Alexander Trujano, Darío The role of cognitive and personality characteristics in timely microcredit repayment: Evidence from a survey conducted by Provident, Mexico |
| thumbnail | https://rediab.uanl.mx/themes/sandal5/images/article.gif |
| title | The role of cognitive and personality characteristics in timely microcredit repayment: Evidence from a survey conducted by Provident, Mexico |
| title_full | The role of cognitive and personality characteristics in timely microcredit repayment: Evidence from a survey conducted by Provident, Mexico |
| title_fullStr | The role of cognitive and personality characteristics in timely microcredit repayment: Evidence from a survey conducted by Provident, Mexico |
| title_full_unstemmed | The role of cognitive and personality characteristics in timely microcredit repayment: Evidence from a survey conducted by Provident, Mexico |
| title_short | The role of cognitive and personality characteristics in timely microcredit repayment: Evidence from a survey conducted by Provident, Mexico |
| title_sort | role of cognitive and personality characteristics in timely microcredit repayment evidence from a survey conducted by provident mexico |
| topic | credit repayment personality traits grit cognitive characteristics time and risk preferences D12 D14 |
| topic_facet | credit repayment personality traits grit cognitive characteristics time and risk preferences D12 D14 |
| url | https://ensayos.uanl.mx/index.php/ensayos/article/view/147 |
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