%0 Report
        %A Angelucci, Manuela
%A Karlan, Dean
%A Zinman, Jonathan
        %T Win Some Lose Some? Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco
        %D 2013
        %8 2013 Jun
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 7439
        %U https://www.iza.org/index.php/publications/dp7439
        %X Theory and evidence have raised concerns that microcredit does more harm than good, particularly when offered at high interest rates. We use a clustered randomized trial, and household surveys of eligible borrowers and their businesses, to estimate impacts from an expansion of group lending at 110% APR by the largest microlender in Mexico. Average effects on a rich set of outcomes measured 18-34 months post-expansion suggest some good and little harm. Other estimators identify heterogeneous treatment effects and effects on outcome distributions, but again yield little support for the hypothesis that microcredit causes harm.
        %K Compartamos Banco
%K microentrepreneurship
%K microcredit impact
%K microcredit