, India, we find that "gung ho entrepreneurs" (GEs), households who were already running a business before microfinance …

Several recent randomized controlled trials have found only modest effects of microfinance on consumption and income … the gains for more-experienced borrowers and the longer-run potential for microfinance. We examine the causal impacts of … microfinance on experienced borrowers, and these clients' valuation of their ongoing microfinance relationship. Our research design …

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

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 …

networks. We first study 75 villages in Karnataka, 43 of which were exposed to microfinance after we first collected detailed … microfinance are at least as likely to disappear as links involving likely borrowers. We replicate these surprising findings in the … context of a randomized controlled trial in Hyderabad, where a microfinance institution randomly selected neighborhoods to …