Microcredit Impacts: Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco

Manuela Angelucci, Jonathan Zinman and Dean Karlan

No 9811, CEPR Discussion Papers from C.E.P.R. Discussion Papers

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, but more positive than negative impacts.

Keywords: Compartamos banco; Microcredit; Microcredit impact; Microentrepreneruship (search for similar items in EconPapers)
JEL-codes: D12 D22 G21 O12 (search for similar items in EconPapers)
Date: 2014-02
New Economics Papers: this item is included in nep-dev, nep-exp and nep-mfd
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Microcredit Impacts: Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco (2015)
Working Paper: Microcredit Impacts: Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco (2014)
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