that financial development has important consequences for efficiency and specialization (or diversification) of investments …

financial development has important consequences for the efficiency and specialization (or diversification) of investments, in a …

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 …

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 …

Morocco starting in 2006 by Al Amana, the country’s largest microfinance institution. Al Amana was the only MFI operating in …

development goals. Microfinance in particular has often been argued, but not without controversy, to be a tool for empowering …

We investigate the puzzle of microfinance: that loans generate large measured returns for businesses, yet loan take …-up is low and the businesses often close. We analyze a randomized trial that bundled microfinance loans with a cheap health … business losses, rather than pay modest insurance premiums, implies the substantial financial gains from microfinance loans are …