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Prosocial lending in the form of micro-financing, small uncollateralized loans to entrepreneurs in the developing world, has recently emerged as a leading contender as a cure for world poverty. Our research investigates, in a field setting with real world and consequential data, the...
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changes in social norms, income effects, or sample selection bias. The results suggest that exposure to microfinance promotes …We ask whether access to microfinance loans by the poor has a spillover effect on their pro-social behaviors. An …
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