| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9437 |
| DP9437 The miracle of microfinance? Evidence from a randomized evaluation | |
| Rachel Glennerster; Abhijit Banerjee; Esther Duflo | |
| 发表日期 | 2013-04-21 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | This paper reports on the first randomized evaluation of the impact of introducing the standard microcredit group-based lending product in a new market. In 2005, half of 104 slums in Hyderabad, India were randomly selected for opening of a branch of a particular microfinance institution (Spandana) while the remainder were not, although other MFIs were free to enter those slums. Fifteen to 18 months after Spandana began lending in treated areas, households were 8.8 percentage points more likely to have a microcredit loan. They were no more likely to start any new business, although they were more likely to start several at once, and they invested more in their existing businesses. There was no effect on average monthly expenditure per capita. Expenditure on durable goods increased in treated areas, while expenditures on ?temptation goods? declined. Three to four years after the initial expansion (after many of the control slums had started getting credit from Spandana and other MFIs ), the probability of borrowing from an MFI in treatment and comparison slums was the same, but on average households in treatment slums had been borrowing for longer and in larger amounts. Consumption was still no different in treatment areas, and the average business was still no more profitable, although we find an increase in profits at the top end. We found no changes in any of the development outcomes that are often believed to be affected by microfinance, including health, education, and women?s empowerment. The results of this study are largely consistent with those of four other evaluations of similar programs in different contexts. |
| 主题 | Development Economics |
| 关键词 | Microfinance |
| URL | https://cepr.org/publications/dp9437 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538273 |
| 推荐引用方式 GB/T 7714 | Rachel Glennerster,Abhijit Banerjee,Esther Duflo. DP9437 The miracle of microfinance? Evidence from a randomized evaluation. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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