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Karlan, Dean S. - C.E.P.R. Discussion Papers - 2007

Lending to the poor is expensive due to high screening, monitoring, and enforcement costs. Group lending advocates believe lenders overcome this by harnessing social connections. Using data from FINCA-Peru, I exploit a quasi random group formation process to find evidence of peers successfully...

Persistent link: https://www.econbiz.de/10005791873

Female Empowerment: Impact of a Commitment Savings Product in the Philippines

Ashraf, Nava; Karlan, Dean S.; Yin, Wesley - C.E.P.R. Discussion Papers - 2007

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

Persistent link: https://www.econbiz.de/10005792103

Expanding Microenterprise Credit Access: Using Randomized Supply Decisions to Estimate the Impacts in Manila

Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2009

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

Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Experiment

Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2007

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

Credit Elasticities in Less-Developed Economies: Implications for Microfinance

Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2007

Policymakers often prescribe that microfinance institutions increase interest rates to eliminate reliance on subsidies …

Persistent link: https://www.econbiz.de/10005504442

Group versus Individual Liability: A Field Experiment in the Philippines

Giné, Xavier; Karlan, Dean S. - C.E.P.R. Discussion Papers - 2007

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: Using Randomized Supply Decisions to Estimate the Impacts

Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2007

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

Market Structure and Borrower Welfare in Microfinance

de Quidt, Jonathan; Fetzer, Thiemo; Ghatak, Maitreesh - C.E.P.R. Discussion Papers - 2012

Motivated by recent controversies surrounding the role of commercial lenders in microfinance, we analyze borrower …

Persistent link: https://www.econbiz.de/10011083818

Improving Access to Banking: Evidence from Kenya

Allen, Franklin; Carletti, Elena; Cull, Robert; Qian, Jun; … - C.E.P.R. Discussion Papers - 2014

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

The miracle of microfinance? Evidence from a randomized evaluation

Banerjee, Abhijit; Duflo, Esther; Glennerster, Rachel; … - C.E.P.R. Discussion Papers - 2013

-based lending product in a new market. In 2005, half of 104 slums in Hyderabad, India were randomly selected for opening of a branch … 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