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Microfinance among the Maya: Tracking the Progress of Borrowers


  • Bruce Wydick


Microfinance has become an increasingly widespread tool for fostering economic growth among the poor in developing countries. This study tracks the progress of 239 borrowers in a Guatemalan microfinance institution from 1994 to 1999. Results from the study show that rapid gains in employment within the sample enterprises after initial credit access were followed by a protracted period of stagnation in employment growth. Other results highlight gender differences in response to credit access, showing — surprisingly — that the long–run growth in hired labour for female entrepreneurs was slightly greater than that for male entrepreneurs.

Suggested Citation

  • Bruce Wydick, 2002. "Microfinance among the Maya: Tracking the Progress of Borrowers," Development and Change, International Institute of Social Studies, vol. 33(3), pages 489-509, June.
  • Handle: RePEc:bla:devchg:v:33:y:2002:i:3:p:489-509
    DOI: 10.1111/1467-7660.00264

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    Cited by:

    1. James C. Brau & Gary M. Woller, 2004. "Microfinance: A Comprehensive Review of the Existing Literature," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 9(1), pages 1-28, Spring.

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