Microfinance (MF) had been functioning in many parts of the world for several centuries. However, it comes into greater … poverty alleviation. Thus various donors, as well as governments, started to subsidize microfinance institutions' (MFIs … any conclusive evidence of poverty alleviation directly brought by the MFIs. Moreover, by relying on subsidy many MFIs …

constrained. This paper analyses whether, and how, micro-finance supports a large public health subsidy program in the developing … a puzzle. One under-studied reason is that the design of subsidy schemes is such that households remain financially … cluster randomised controlled experiment of a sanitation micro-finance program that coincided with the launch of the SBM …