Expanding credit access is a key ingredient of development strategies worldwide. Microfinance practitioners, policymakers, and donors have ambitious goals for expanding access, and seek efficient methods for implementing and evaluating expansion. There is less consensus on the role of consumer...

Official balance sheet estimates for the household sector are not currently available in South Africa, yet, with the country’s well developed financial sector and deep capital markets, asset market channels are likely to be important determinants of aggregate consumer spending and saving,...

The price elasticity of demand for credit has major implications for macroeconomics, finance, and development. We present estimates of this parameter derived from a randomized trial. The experiment was implemented by a consumer microfinance lender in South Africa and identifies demand curves...