Microcredit in the North: An Institutional, Impact and Dependence Analysis Applied to the Spanish Case

Begoña Gutiérrez-nieto

Annals of Public and Cooperative Economics, 2006, vol. 77, issue 1, pages 21-52

Abstract: Microcredit programmes have been recently started in Spain, sparked by successful experiences in developing countries. The paper reviews the outstanding features of these programmes and their differences with developing countries models. It also moves forward the impact evaluation on unemployment and finds the subsidy dependence of Spanish microcredit institutions accurate because of the good results obtained by impact measures. Copyright CIRIEC, 2006.

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