Estimating the Impact of Microcredit on Those Who Take It Up: Evidence from a Randomized Experiment in Morocco

Bruno Crépon, Florencia Devoto, Esther Duflo and William Parienté ()

American Economic Journal: Applied Economics, 2015, vol. 7, issue 1, 123-50

Abstract: We report results from a randomized evaluation of a microcredit program introduced in rural areas of Morocco in 2006. Thirteen percent of the households in treatment villages took a loan, and none in control villages did. Among households identified as more likely to borrow, microcredit access led to a significant rise in investment in assets used for self-employment activities, and an increase in profit, but also to a reduction in income from casual labor. Overall there was no gain in income or consumption. We find suggestive evidence that these results are mainly driven by effects on borrowers, rather than by externalities. (JEL D14, G21, J23, O12, O16, O18)

JEL-codes: D14 G21 J23 O12 O16 O18 (search for similar items in EconPapers)
Date: 2015
Note: DOI: 10.1257/app.20130535
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Citations: View citations in EconPapers (207)

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Related works:
Working Paper: Estimating the impact of microcredit on those who take it up: Evidence from a randomized experiment in Morocco (2014)
Working Paper: Estimating the impact of microcredit on those who take it up: Evidence from a randomized experiment in Morocco (2014)
Working Paper: Estimating the Impact of Microcredit on Those Who Take It Up: Evidence from a Randomized Experiment in Morocco (2014)
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