Remuneration-post-verification subsidies and microcredit have been postulated as potential solutions to imperfect capital markets and commitment problems that impede lumpy human capital investments, but little is known about the merit of combining these financing mechanisms. We draw on a cluster...

Making lumpy human capital investments is difficult, particularly since returns may accrue with a significant time lag. Lack of commitment impedes savings and diverts funds from intended investments. We draw on a cluster randomised controlled trial in rural India to provide the first evidence...

In this paper we try to raise caution against the consequences of the overwhelming drive for microfinance institutions to become financially self-sustainable—more often than not pushed into this by international organizations. Such a push can have severe consequences, ranging from mission...

This report provides an in-depth description of the first wave of household data collected for a randomised field experiment to measure the impact of microcredit on poverty reduction among poor rural women in Mongolia.

We use an RCT to analyse the impact of microcredit on poverty reduction in Bosnia. The study population are loan applicants that would normally have just been rejected based on regular screening. We find that access to credit allowed borrowers to start and expand small-scale businesses....