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

Manuela Angelucci, Dean Karlan and Jonathan Zinman

No 19827, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: D12 D22 G21 O12 (search for similar items in EconPapers)
Date: 2014-01
New Economics Papers: this item is included in nep-dev, nep-exp and nep-mfd
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Citations: View citations in EconPapers (6)

Published as Manuela Angelucci & Dean Karlan & Jonathan Zinman, 2015. "Microcredit Impacts: Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco," American Economic Journal: Applied Economics, American Economic Association, vol. 7(1), pages 151-82, January.

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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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