microenterprises, much higher than market interest rates. But returns were found to be much higher among men than among women, and … indeed were not different from zero for women. In this paper, we explore different explanations for the lower returns among … local areas are important. We do find evidence that women invested the grants differently from men. A smaller share of the …

findings show greater returns among men than among women; indeed, returns were not different from zero for women. The authors … social constraints limiting sales to local areas are not important. However, there is evidence that women invested grants … spend the grant on working capital and women on equipment. The gender gap is largest when male-dominated sectors are …

microenterprises, much higher than market interest rates. But returns were found to be much higher among men than among women, and … indeed were not different from zero for women. In this paper, we explore different explanations for the lower returns among … local areas are important. We do find evidence that women invested the grants differently from men. A smaller share of the …