Amin, S.; Rai, A.S.; Topa, G. - Booth School of Business, University of Chicago - 2000
Subsidized loans have a history of being diverted to the rich. Yet recently microcredit programs, such as the Grameen Bank in Bangladesh, have become popular among donors and governments as a way to channel funds to the poor. This paper uses a unique panel dataset from two Bangladeshi villages...