Recent evaluations of traditional microloans have not found significant impacts on borrower production or incomes. We examine whether this can be remedied by delegating selection of borrowers for individual liability loans to local trader-lender agents incentivized by repayment-based...

IEMS Faculty Associate Prof. Sujata Visaria and colleagues explore how microfinance programmes can be fine-tuned to more effectively address the microcredit promise of financial inclusion and helping the poor.