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

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 …

In October 2010, the state government of Andhra Pradesh, India issued an emergency ordinance, bringing microfinance … loans in the affected state. We use this massive dislocation in the microfinance market to identify the causal impacts of a … sector (agriculture), suggesting that one important impact of the microfinance contraction was transmitted through its effect …

of microfinance. Random variation in the frequency of mandatory meetings across first-time borrower groups generates …