연구정보
[경제] Asset-based Microfinance for Microenterprises: Evidence from Pakistan
파키스탄 국외연구자료 연구보고서 - CEPR 발간일 : 2021-02-10 등록일 : 2021-02-18 원문링크
We conduct a field experiment offering graduated microcredit clients the opportunity to finance a business asset worth four times their previous borrowing limit. We implement this using a hire-purchase contract; our control group is offered a zero-interest loan. We find large, significant and persistent effects from asset finance contracts: treated microenterprise owners run larger businesses and enjoy higher profits; consequently, household consumption increases, particularly on food and children's education. A dynamic structural model with non-convex capital adjustment costs rationalises our results; this highlights the potential for welfare improvements through large capital injections that are financially sustainable for microfinance institutions.
본 페이지에 등재된 자료는 운영기관(KIEP) 및 EMERiCs의 공식적인 입장을 대변하고 있지 않습니다.
| 이전글 | [경제] Pakistan: Country Partnership Strategy (2021–2025) | 2021-01-29 |
|---|---|---|
| 다음글 | [정책] Redrawing the Maps in Kashmir | 2021-04-10 |
