The Impacts of Microcredit: Evidence from Bosnia and Herzegovina

Britta Augsburg, Ralph De Haas, Heike Harmgart and Costas Meghir

No 18538, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We use an RCT to analyze the impacts of microcredit. The study population consists of loan applicants who were marginally rejected by an MFI in Bosnia. A random subset of these were offered a loan. We provide evidence of higher self-employment, increases in inventory, a reduction in the incidence of wage work and an increase in the labor supply of 16-19 year olds in the household's business. We also present some evidence of increases in profits and a reduction in consumption and savings. There is no evidence that the program increased overall household income.

JEL-codes: D1 D12 D14 G21 H52 H53 J22 J24 O16 (search for similar items in EconPapers)
Date: 2012-11
New Economics Papers: this item is included in nep-dev, nep-edu, nep-ent, nep-lab and nep-mfd
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Published as Britta Augsburg & Ralph De Haas & Heike Harmgart & Costas Meghir, 2015. "The Impacts of Microcredit: Evidence from Bosnia and Herzegovina," American Economic Journal: Applied Economics, American Economic Association, vol. 7(1), pages 183-203, January.

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