Microcredit Impacts: Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco
38 Pages Posted: 25 Jan 2014 Last revised: 6 Mar 2022
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Microcredit Impacts: Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco
NBER Working Paper No. w19827
Number of pages: 38
Posted: 25 Jan 2014
Last Revised: 06 Mar 2022
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Microcredit Impacts: Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco
CEPR Discussion Paper No. DP9811
Number of pages: 40
Posted: 02 Jun 2014
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Date Written: January 2014
Abstract
Theory and evidence have raised concerns that microcredit does more harm than good, particularly when offered at high interest rates. We use a clustered randomized trial, and household surveys of eligible borrowers and their businesses, to estimate impacts from an expansion of group lending at 110% APR by the largest microlender in Mexico. Average effects on a rich set of outcomes measured 18-34 months postexpansion suggest no transformative impacts.
Suggested Citation: Suggested Citation
Angelucci, Manuela and Angelucci, Manuela and Karlan, Dean S. and Karlan, Dean S. and Zinman, Jonathan, Microcredit Impacts: Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco (January 2014). NBER Working Paper No. w19827, Available at SSRN: https://ssrn.com/abstract=2384286
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