We provide evidence on the growth patterns of microfinance clients. Our analysis is motivated by the debate on the impact of microfinance on client income and growth. Based on loan-level data from close to 40,000 clients in Sub-Saharan Africa we make use of an econometric approach widely...

This title contributes to emerging debates in political science and sociology on institutional change. The introductory essay proposes a new framework for analyzing incremental change, and subsequent chapters provide empirical case studies from the United States, Africa, Latin America, and Asia.