Publication
Jul 2013
Theory and evidence have raised concerns that microcredit does more harm than good, particularly when offered at high interest rates. In this paper the authors use a clustered randomized trial as well as household surveys of eligible borrowers and their businesses to estimate impacts from an expansion of group lending by the largest microlender in Mexico. The study findings yield little support for the hypothesis that microcredit causes harm.
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English (PDF, 69 pages, 1.0 MB) |
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Author | Manuela Angelucci, Dean Karlan, Jonathan Zinman |
Series | CGD Working Papers |
Issue | 330 |
Publisher | Center for Global Development (CGD) |
Copyright | © 2013 Center for Global Development (CGD) |