Microcredit Impacts: Evidence from a Large-Scale Observational Study in Brazil

Rafael Goldszmidt (), Patrick Behr, Cesar Zucco, Anna-Katharina Lenz, Lauro Gonzalez and Martín Valdivia
Additional contact information
Rafael Goldszmidt: Getulio Vargas Foundation
Patrick Behr: University of Lugano
Cesar Zucco: Getulio Vargas Foundation
Anna-Katharina Lenz: RMIT University
Lauro Gonzalez: Getulio Vargas Foundation

The European Journal of Development Research, 2022, vol. 34, issue 4, No 13, 1940-1966

Abstract: Abstract This paper studies the impact of microcredit in Brazil. We use a propensity score matching on original primary data on business and personal outcomes to compare veteran clients of BNDES—Brazil’s largest government-owned development bank—to a matched sample of more recent clients. Based on administrative data as well as data from a survey of 2107 clients from the South and Northeast regions of Brazil, the findings show no significant impacts on income, employment generation, access to credit, and business formalization, except for the poorest Municipalities of the Northeast, where microcredit presented positive effects.

Keywords: Brazil; Gender; Impact study; Microcredit; Propensity score matching (search for similar items in EconPapers)
JEL-codes: G21 O12 O16 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pal:eurjdr:v:34:y:2022:i:4:d:10.1057_s41287-021-00448-3

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DOI: 10.1057/s41287-021-00448-3

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