Women's Access to Credit in France: How Microfinance Institutions Import Disparate Treatment from Banks

35 Pages Posted: 30 Jan 2014

See all articles by Anastasia Cozarenco

Anastasia Cozarenco

Aix-Marseille University (Aix-Marseille School of Economics), CNRS & EHESS

Ariane Szafarz

Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB) & CERMi

Date Written: January 29, 2014

Abstract

This paper compares the loans granted to male and female entrepreneurs by a French microfinance institution (MFI). The sample period is split in two: before and after the MFI implemented France's regulatory EUR 10,000 loan ceiling. In the first period, the MFI does not co-finance projects with mainstream banks and loan size is gender-insensitive. In the second period, the MFI does co-finance above-ceiling projects with mainstream banks, and we observe a gender gap in loan size. The results suggest that co-financing leads the originally gender-neutral MFI to import disparate treatment from mainstream banks.

Keywords: Microcredit, bank, loan ceiling, gender, France

JEL Classification: G21, J16, M13, L51, G28, O52, I38

Suggested Citation

Cozarenco, Anastasia and Szafarz, Ariane, Women's Access to Credit in France: How Microfinance Institutions Import Disparate Treatment from Banks (January 29, 2014). Available at SSRN: https://ssrn.com/abstract=2387573 or http://dx.doi.org/10.2139/ssrn.2387573

Anastasia Cozarenco

Aix-Marseille University (Aix-Marseille School of Economics), CNRS & EHESS ( email )

Centre de la Vieille Charité
2 rue de la Charité
Marseille, 13236
France

Ariane Szafarz (Contact Author)

Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB) & CERMi ( email )

50 Avenue Roosevelt
Brussels 1050
Belgium

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