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We use an RCT to analyze the impacts of microcredit. The study population consists of loan applicants who were marginally rejected by an MFI in Bosnia. A random subset of these were offered a loan. We provide evidence of higher self-employment, increases in inventory, a reduction in the...
Persistent link: https://www.econbiz.de/10013097783
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/10013082170
Many basic economic theories with perfectly functioning markets do not predict the existence of the vast number of microenterprises readily observed across the world. We put forward a model that illuminates why financial and managerial capital constraints may impede experimentation, and thus...
Persistent link: https://www.econbiz.de/10013065641
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 …
Persistent link: https://www.econbiz.de/10012927025
Morocco starting in 2006 by Al Amana, the country's largest microfinance institution. Al Amana was the only MFI operating in …
Persistent link: https://www.econbiz.de/10013052669
I use a field experiment in rural Kenya to study how temporary incentives to save impact long-run economic outcomes. Study participants randomly selected to receive large temporary interest rates on an individual bank account had significantly more income and assets 2.5 years after the interest...
Persistent link: https://www.econbiz.de/10012984758
Recent evaluations of traditional microfinance loans have found no significant impacts on borrower incomes or …
Persistent link: https://www.econbiz.de/10013043280
We provide a quantitative evaluation of the aggregate and distributional impact of microfinance or credit programs … targeted toward small businesses. We find that the redistributive impact of microfinance is stronger in general equilibrium … total factor productivity (TFP) increases with microfinance in general equilibrium but decreases in partial equilibrium …
Persistent link: https://www.econbiz.de/10013247431
Theory and evidence have raised concerns that microcredit does more harm than good, particularly when offered at high interest rates. We use a clustered randomized trial, and household surveys of eligible borrowers and their businesses, to estimate impacts from an expansion of group lending at...
Persistent link: https://www.econbiz.de/10013060267
We review the empirical evidence on microfinance and asset grants to the ultra poor or microentrepreneurs, and assess …
Persistent link: https://www.econbiz.de/10012982524