The Impacts of Microcredit: Evidence from Bosnia and Herzegovina

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

American Economic Journal: Applied Economics, 2015, vol. 7, issue 1, 183-203

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 C93, G21, I38, J23, L25, P34, P36)

JEL-codes: C93 G21 I38 J23 L25 P34 P36 (search for similar items in EconPapers)
Date: 2015
Note: DOI: 10.1257/app.20130272
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Citations: View citations in EconPapers (127)

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Working Paper: The Impacts of Microcredit: Evidence from Bosnia and Herzegovina (2012)
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