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Microcredit Impact Assessment: The Brazilian and Chilean Cases

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  • Aroca, Patricio A.

Abstract

The objective of this paper is to evaluate the impact of micro-entrepreneurs income on two Brazilian and Chilean microcredit programs. Drawing on two unique sources of data, control groups are built using the propensity score to match beneficiaries of micro-credit programs with non-beneficiaries with similar characteristics. Using propensity score and matching techniques, the authors compare the average income of individuals that received microcredit to that of control groups, formed by people with similar characteristics. The results for the Brazilian data show a high positive impact of the microcredit programs, especially for those associated with banks. In the Chilean case the evidence is weaker for bank-based programs and NGO based programs appear to have no positive impact at all.

Suggested Citation

  • Aroca, Patricio A., 2002. "Microcredit Impact Assessment: The Brazilian and Chilean Cases," IDB Publications (Working Papers) 4533, Inter-American Development Bank.
    • Handle: RePEc:idb:brikps:4533
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    References listed on IDEAS

    as
    1. Barbara Sianesi, 2001. "Propensity score matching," United Kingdom Stata Users' Group Meetings 2001 12, Stata Users Group, revised 23 Aug 2001.
    2. James J. Heckman & Hidehiko Ichimura & Petra E. Todd, 1997. "Matching As An Econometric Evaluation Estimator: Evidence from Evaluating a Job Training Programme," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 64(4), pages 605-654.
    3. Sianesi, Barbara, 2001. "An evaluation of the active labour market programmes in Sweden," Working Paper Series 2001:5, IFAU - Institute for Evaluation of Labour Market and Education Policy.
    4. James J. Heckman & Hidehiko Ichimura & Petra Todd, 1998. "Matching As An Econometric Evaluation Estimator," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 65(2), pages 261-294.
    5. Hulme, David, 2000. "Impact Assessment Methodologies for Microfinance: Theory, Experience and Better Practice," World Development, Elsevier, vol. 28(1), pages 79-98, January.
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    Cited by:

    1. Bouillon, César P. & Tejerina, Luis, 2006. "Do We Know What Works?: A Systematic Review of Impact Evaluations of Social Programs in Latin America and the Caribbean. Latest version," IDB Publications (Working Papers) 4297, Inter-American Development Bank.

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    More about this item

    Keywords

    microfinance; impact assessment; methods; microcredit; credit;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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