In the past decade, many microcredit programs havebeen created in the United States that replicate designs features of theircounterparts in the third world. The determinants of loan repayment are studiedfor four of the oldest microcredit programs in the US: the NeighborhoodEntrepreneurship...

This paper assesses the validity of the perception-based governance indicators used by the US Millennium Challenge Account (MCA) for aid allocation decisions. By conducting Explanatory and Confirmatory Factor Analysis of data from 1996 to 2009, we find that although the MCA purports to measure...