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Female Access to Credit in France: How Microfinance Institutions Import Disparate Treatment from Banks

  • Anastasia Cozarenco

    (AMSE - Aix-Marseille School of Economics - EHESS - École des hautes études en sciences sociales - Centre national de la recherche scientifique (CNRS) - Ecole Centrale Marseille (ECM) - AMU - Aix-Marseille Université)

  • Ariane Szafarz

    (Centre Emile Bernheim - Université Libre de Bruxelles (ULB) - SBS-EM, CERMi - Centre for European Research in Microfinance)

This paper compares the loans granted to male and female entrepreneurs by a French microfinance institution (MFI). The sample period is split in two: before and after the MFI implemented France's regulatory EUR 10,000 loan ceiling. In the first period, the MFI does not co-finance projects with mainstream banks and loan size is gender-insensitive. In the second period, the MFI does co-finance above-ceiling projects with mainstream banks, and we observe a gender gap in loan size. The results suggest that co-financing leads the originally gender-neutral MFI to import disparate treatment from mainstream banks.

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Paper provided by HAL in its series Working Papers with number halshs-00874448.

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Date of creation: Dec 2013
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Handle: RePEc:hal:wpaper:halshs-00874448
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