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Microfinance and Poverty Alleviation

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  • Augsburg, B.
  • Haas, R. de
  • Harmgart, H.
  • Meghir, C.

    (Tilburg University, Center for Economic Research)

Abstract

Abstract: We use an RCT to analyze the impact of microcredit on poverty reduction. The study population consists of loan applicants to a large microfinance institution in Bosnia and Herzegovina who would have been rejected through regular screening. Access to credit allowed borrowers to start and expand small-scale businesses. THe re is little evidence that this lead to net increases in household income. Households that already had a business and where the borrower had more education, ran down savings, presumably to complement the loan and achieve the minimum investment amount. In less-educated households, where assets were low consumption went down instead. For these households the labor supply of teenage children aged 16-19 increased, and their school attendance declined.

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Bibliographic Info

Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 2013-075.

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Date of creation: 2013
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Handle: RePEc:dgr:kubcen:2013075

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Keywords: Microfinance; liquidity constraints; human capital; randomized controlled trial;

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