Showing 1 - 10 of 14
Microcredit seeks to promote business growth and improve well-being by expanding access to credit. We use a field experiment and follow-up survey to measure impacts of a credit expansion for microentrepreneurs in Manila. The effects are diffuse, heterogeneous, and surprising. Although there is...
Persistent link: https://www.econbiz.de/10005048547
Information asymmetries are important in theory but difficult to identify in practice. We estimate the presence and importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major...
Persistent link: https://www.econbiz.de/10005497798
Policymakers often prescribe that microfinance institutions increase interest rates to eliminate reliance on subsidies …
Persistent link: https://www.econbiz.de/10005504442
Group liability is often portrayed as the key innovation that led to the explosion of the microcredit movement, which started with the Grameen Bank in the 1970s and continues on today with hundreds of institutions around the world. Group lending claims to improve repayment rates and lower...
Persistent link: https://www.econbiz.de/10005656151
Expanding credit access is a key ingredient of development strategies worldwide. Microfinance practitioners … expansion. There is less consensus on the role of consumer credit in expansion initiatives. Some microfinance institutions are …
Persistent link: https://www.econbiz.de/10005114273
Motivated by recent controversies surrounding the role of commercial lenders in microfinance, we analyze borrower …
Persistent link: https://www.econbiz.de/10011083818
impact of Equity Bank—a leading private commercial bank focusing on microfinance—on the access to banking in Kenya. Unlike …
Persistent link: https://www.econbiz.de/10011084293
of a particular microfinance institution (Spandana) while the remainder were not, although other MFIs were free to enter …. We found no changes in any of the development outcomes that are often believed to be affected by microfinance, including …
Persistent link: https://www.econbiz.de/10011084414
We examine how participation in a microfinance program diffuses through social networks. We collected detailed … demographic and social network data in 43 villages in South India before microfinance was introduced in those villages and then … first informed about the program, "the injection points". Microfinance participation is higher when the injection points …
Persistent link: https://www.econbiz.de/10011084550
Morocco starting in 2006 by Al Amana, the country’s largest microfinance institution. Al Amana was the only MFI operating in …
Persistent link: https://www.econbiz.de/10011084580