Thursday, July 23, 2009

More Evidence on the Effectiveness of Microfinance

. Thursday, July 23, 2009

The results from the 2nd randomized study on the effectiveness of microfinance are in:

So…did microcredit “work” in Manila? Mostly not, as far as the evidence goes. Rossi’s Stainless Steel Law has held: the better the study, the weaker the effect found.


The results from the first randomized study weren't much better.

Via Blattman, who adds: "Aside: What is wrong with the aid industry that the evidence on microcredit – started in 1974 – is still uncertain and early?"

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More Evidence on the Effectiveness of Microfinance
 
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