Does the Classic Microfinance Model Discourage Entrepreneurship Among the Poor? Experimental Evidence from India †

By Erica M. Field, Rohini Pande, John R. Papp, Natalia Rigol. 2013

336 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Management Information Systems

View Paper: https://www.semanticscholar.org/paper/a160bd456e5058a1fb791aacefe47d65cbea597f

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Abhijit Banerjee
2. Dean S. Karlan
3. Jonathan Zinman
4. J. Morduch
5. Robert J. Cull
6. Asli Demirgüç-Kunt
7. Stephan Meier
8. N. Fiala

In Economics and Econometrics

1. Abhijit Banerjee
2. Dean S. Karlan
3. J. Morduch
4. Robert J. Cull
5. Jonathan Zinman
6. Francisco J. Buera
7. Yongseok Shin
8. Y. Nakano

In Management Information Systems

1. Robert J. Cull
2. J. Morduch
3. Eustadius Francis Magezi
4. Y. Nakano
5. Dean S. Karlan
6. Jonathan Zinman
7. Abhijit Banerjee
8. Susanna Khavul

Citations in the corpus

• Entrepreneurship and Financial Frictions: A Macrodevelopment Perspective (2015, background): “For example, not only the average firm size but also the average growth rates of firms are strikingly smaller in India and Mexico than in the U.S., as shown by Hsieh and Klenow (forthcoming).”
• Microfinance and economic development (2017, background): “In addition, recent evidence from field experiments that relax the obligation to begin repaying just after receiving a loan from a microfinance institution also find positive impacts on investment and profits (Field et al. 2013).”
• Microcredit Impacts: Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco (2014, neutral): “Second, loan terms may also influence how proceeds are spent, and hence downstream impacts (e.g., see Field et al. 2013).”
• The Persistent Power of Behavioral Change: Long-Run Impacts of Temporary Savings Subsidies for the Poor (2018, neutral): “For India see Banerjee and Duflo (2012) and Field et al. (2013).”
• Can Basic Entrepreneurship Transform the Economic Lives of the Poor? (2013, background): “…disappointing performance of shortterm training for existing microentrepreneurs, which have generally been found ine ective at increasing pro ts and business growth [Field et al. 2010, Drexler et al. 2010, Karlan and Valdivia 2011, Fairlie et al. 2012, Bruhn et al. 2012, McKenzie and Woodru 2012].”
• Returns to microcredit, cash grants and training for male and female microentrepreneurs in Uganda (2018, background): “Fischer (2013), Augsburg et al. (2015), Gine and Mansuri (2011), Desai, Johnson, and Tarozzi (2013) and Angelucci, Karlan, and Zinman (2013) all fail to find significant impacts from microcredit.”
• Saving more in groups: Field experimental evidence from Chile (2018, background): “(15)Field et al. (2013) show that relaxing this rigidity, and in particular, delaying the time when the loan repayment starts, can increase business investment and profits.”
• The impact of microcredit on agricultural technology adoption and productivity: Evidence from randomized control trial in Tanzania (2020, background): “4 Field et al. (2013) and Takahashi et al. (2017) examine the uptake and the impact of microcredit with and without a grace period for credit in non-agricultural settings.”
• Six Randomized Evaluations of Microcredit: Introduction and Further Steps † (2015, background): “Field et al. (2013), for example, demonstrates that in India, delaying the initial payment gives borrowers the opportunity to make larger durable investments, and thus improves short- and long-run income for enterprises.”