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Microcredit: Points of Promise

Author

Listed:
  • Field, Erica

    (Duke University)

  • Holland, Abraham

    (Harvard Institute for Quantitative Social Science, Harvard University)

  • Pande, Rohini

    (Harvard University)

Abstract

A majority of the world's impoverished lack adequate access to financial services. Typically, formal banks do not target the poor because lending without collateral is considered too risky. Poor households seeking credit are subsequently forced into informal markets where the prices are high, the quantities limited, and the methods of insuring repayment can be brutal.

Suggested Citation

  • Field, Erica & Holland, Abraham & Pande, Rohini, 2016. "Microcredit: Points of Promise," Working Paper Series 16-036, Harvard University, John F. Kennedy School of Government.
    • Handle: RePEc:ecl:harjfk:16-036
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    File URL: https://research.hks.harvard.edu/publications/getFile.aspx?Id=1425
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    References listed on IDEAS

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    22. Benjamin Feigenberg & Erica Field & Rohini Pande & Natalia Rigol & Shayak Sarkar, 2014. "Do Group Dynamics Influence Social Capital Gains Among Microfinance Clients? Evidence From A Randomized Experiment In Urban India," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 33(4), pages 932-949, September.
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    1. Ingela Alger & Laura Juarez & Miriam Juarez-Torres & Josepa Miquel-Florensa, 2023. "Do Women Contribute More Effort than Men to a Real Public Good?," The World Bank Economic Review, World Bank, vol. 37(2), pages 205-220.

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