A new era of microfinance: The digital microcredit and its impact on poverty

Instant and low-cost access to digital microcredit attracts millions of borrowers. Using household panel data, we study the impacts on poverty in Kenya compare impact with traditional microcredit. We employ difference-in-differences propensity score matching methods find significant negative loans but do not any poverty. Results indicate that relatively better-off households have compared emphasize policy regulation behavioural tools might help reduce welfare-deteriorating