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 empha...

considering the expansion of global poverty and its resulting concerns, the objectives of the millennium development goals (mdgs) may not be achieved unless a solution is found for this widespread phenomenon. therefore finding a solution for poverty reduction and improving the welfare of the vulnerable group has become a universal objective. this paper discusses the poor performance of formal f...

Hundreds of independent, local, quasi-charitable microcredit societies, or $loan funds,# were lending to as many as 20% of Irish households in the mid-nineteenth century. Monitored by a central regulatory authority, funds in the system were successful in mitigating informational, moral hazard and enforcement problems, and thus operated at a surplus in a market where intermediation by the banks ...

Microcredit has rapidly expanded in the past years, providing access to financial services to a large population previously excluded from the financial system. However, whether it helps the poor has been a subject of intense debate on which, until very recently, there was no rigorous evidence. This paper reports the results of a randomized experiment designed to measure the impact of microcredi...

ver since microcredit first began to capture public attention 25 years ago, the usual story line has been that it is a tool of extraordinary power to lift poor people—especially women— out of poverty, by funding their microenterprises and raising their incomes. This picture has been buttressed by hundreds of inspiring stories of microentrepreneurs who used tiny loans to start or expand their bu...

Microcredit is a proven means of poverty alleviation. However, its implementation in India flawed. High interest rates, incompetent use credit, and insufficient loan-sizes are just some the problems well-documented literature. This paper seeks to assess if these can be alleviated by for-profit model microcredit, hence this sustainably improve financial inclusion India. The role profit-motives I...

Expanding credit access in developing contexts could help some households while harming others. Microcredit studies show different effects at quantiles of household profit, including negative effects; yet these findings also differ across studies. I develop new Bayesian hierarchical models to aggregate the evidence on distributional for mixture-type outcomes such as profit. Applying them microc...