Microcredit seeks to promote business growth and improve well-being by expanding access to credit. We use a field … microlenders: male and higher-income entrepreneurs. In all, our results suggest that microcredit works broadly through risk …

This paper reports the results from a randomized evaluation of a microcredit program introduced in rural areas of … Morocco starting in 2006 by Al Amana, the country’s largest microfinance institution. Al Amana was the only MFI operating in …, microcredit access led to a significant rise in investment in assets used for self-employment activities (mainly animal husbandry …

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 …

poverty alleviation program began in 2001 which finances public investments in designated poor villages based on participatory … consumption of richer households by 6.1 to 9.2 percent. We also find suggestive evidence that governance matters in the …

Group loans with joint liability have been a distinguishing feature of many microfinance programs. While such lending …

Theory and evidence have raised concerns that microcredit does more harm than good, particularly when offered at high … microcredit causes harm. …

Theory and evidence have raised concerns that microcredit does more harm than good, particularly when offered at high …