Microcredit Impacts: Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco

Manuela Angelucci, Dean Karlan and Jonathan Zinman

American Economic Journal: Applied Economics, 2015, vol. 7, issue 1, 151-82

Abstract: We use a clustered randomized trial, and over 16,000 household surveys, to estimate impacts at the community level from a group lending expansion at 110 percent APR by the largest microlender in Mexico. We find no evidence of transformative impacts on 37 outcomes (although some estimates have large confidence intervals), measured at a mean of 27 months post-expansion, across 6 domains: microentrepreneurship, income, labor supply, expenditures, social status, and subjective well-being. We also examine distributional impacts using quantile regressions, given theory and evidence regarding negative impacts from borrowing at high interest rates, but do not find strong evidence for heterogeneity. (JEL C83, D14, G21, I31, J23, O12, O16)

JEL-codes: C83 D14 G21 I31 J23 O12 O16 (search for similar items in EconPapers)
Date: 2015
Note: DOI: 10.1257/app.20130537
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Citations: View citations in EconPapers (212)

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Working Paper: Microcredit Impacts: Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco (2014)
Working Paper: Microcredit Impacts: Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco (2014)
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