self-employed poor rarely have any formal training in business skills. However, a growing number of microfinance … also improved repayment and client retention rates for the microfinance institutions. Larger effects found for those that …

Microfinance has been heralded as an effective way to address imperfections in credit markets. From a theoretical … perspective, however, the success of microfinance contracts has puzzling elements. In particular, the group-based mechanisms often … different games that allow us to unpack microfinance mechanisms in a systematic way. We find that risk-taking broadly conforms …

development goals. Microfinance in particular has often been argued, but not without controversy, to be a tool for empowering …

Expanding credit access is a key ingredient of development strategies worldwide. Microfinance practitioners … expansion. There is less consensus on the role of consumer credit in expansion initiatives. Some microfinance institutions are …