The impact of micro-credit interventions on existing credit markets is theoretically ambiguous. Previous empirical work suggests the entry of a joint-liability lender may lead to a positive impact on the informal lending rate. This paper presents the first randomized controlled trial–based evidence on this question. Households in rural Bihar, India, were offered low-cost credit through a government-led self-help group program, the rollout of which...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2017/04/03
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Рабочий документ в рамках исследования вопросов политики
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WPS8021
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1
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1
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2017/04/03
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Disclosed
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Relief from usury : impact of a community-based microcredit program in rural India
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linear regression