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microlending to the poor, incorporated a widely-used poverty measurement tool into their loan applications and tested the tool …
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microlending to the poor, incorporated a widely-used poverty measurement tool into their loan applications and tested the tool …
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microlending to the poor, incorporated a widely-used poverty measurement tool into their loan applications and tested the tool …
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The poor can and do save, but often use formal or informal instruments that have high risk, high cost, and limited functionality. This could lead to undersaving compared to a world without market or behavioural frictions. Undersaving can have important welfare consequences: variable consumption,...
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