This paper evaluates the welfare impacts of microcredit programmes and the activities of non-governmental organization … microcredit programme participants with respect to increased income (by 4.07 per cent), general expenditures (6.45 per cent) and …-making. These findings suggest that successful and sustainable microcredit intervention improves lives and plays an important role …

This study examines the impacts of a large-scale government-led microcredit program on informal risk sharing among poor … microcredit raises the expected value of autarky utility relative to the utility derived from risk-pooling arrangements, and thus …