Latest Findings from Randomized Evaluations of Microfinance
This paper summarizes the latest research findings from a new body of empirical evidence that uses randomized evaluations, similar to those used in medical trials, to compare how one group responds to access to specific new financial services again...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/324001468329347456/Latest-findings-from-randomized-evaluations-of-microfinance http://hdl.handle.net/10986/26892 |
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okr-10986-26892 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
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ACCESS TO CAPITAL ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FORMAL CREDIT ACCESS TO INSURANCE ACCESS TO LOANS ACCESS TO SAVINGS ACCOUNTING AMOUNT OF MONEY ANNUAL PERCENTAGE RATE APPLICATION PROCESS APR ASYMMETRIC INFORMATION AVAILABILITY OF CREDIT BANK ACCOUNT BANK ACCOUNTS BANKS BIASES BORROWER BORROWING BUSINESS ACTIVITIES BUSINESS ACUMEN BUSINESS FAILURE BUSINESS LOANS BUSINESS OPPORTUNITIES BUSINESS SCHOOL BUSINESS SUCCESS BUSINESS TRAINING CAPITAL STOCK CASH FLOW CHILD DEVELOPMENT CHILD-CARE CLEAN CREDIT COLLATERAL COMPOUND INTEREST CONSUMER CONSUMER CREDIT CONSUMER FINANCE CONTRIBUTION CREDIT ACCESS CREDIT HISTORY CREDIT MARKET CREDIT OFFICERS CREDIT PRODUCT CREDIT RELATIONSHIPS CREDIT RISK CREDIT SCORING CREDIT SCORING MODELS CREDIT WORTHINESS CREDIT-SCORING CROP FAILURE CROP INSURANCE CURRICULUM DEFAULTERS DEMOGRAPHIC CHARACTERISTICS DEPOSIT DEPOSIT INSURANCE DEVELOPING COUNTRIES DROUGHT DURABLE DURABLE GOODS EARNINGS ECONOMIC ACTIVITIES ECONOMIC POLICY EDUCATION LEVEL EMPOWERMENT ENROLLMENT ENTREPRENEUR ENTREPRENEURIAL BEHAVIOR ENTREPRENEURIAL SUCCESS EXISTING DEBT EXPENDITURE EXTRA CASH FAMILIES FAMILY MEMBERS FARM INCOME FARMER FEMALE ENTERPRISES FEMALE-OWNED BUSINESSES FINANCE COMPANY FINANCES FINANCIAL ACCESS FINANCIAL LITERACY FINANCIAL LITERACY TRAINING FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL NEEDS FINANCIAL OUTCOMES FINANCIAL PRODUCT FINANCIAL RESOURCES FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL SUCCESS FINANCIAL_ACCESS FLEXIBLE REPAYMENT FORMAL FINANCIAL SERVICE FORMAL FINANCIAL SERVICES GENDER GENERAL POPULATION GOOD CREDIT GOOD CREDIT HISTORIES GRANTS TO WOMEN ENTREPRENEURS GROUP LENDING GROUP LOANS HIGH INTEREST RATE HOME IMPROVEMENTS HOUSEHOLD EXPENDITURE HOUSEHOLD INCOME HOUSEHOLD INVESTMENTS HOUSEHOLD WELFARE HOUSEHOLDS HUSBANDS INCOME STREAMS INCOMES INFORMAL CREDIT INFORMAL INSURANCE INFORMAL LOANS INFORMAL SAVINGS INFORMATION ASYMMETRY INFORMATION ON BUSINESS INSURANCE COMPANY INSURANCE POLICY INSURANCE SCHEME INVENTORY INVESTING INVESTMENT CAPITAL LACK OF ACCESS LENDER LENDING DECISION LIABILITY LIMITED ACCESS LOAN LOAN ACCESS LOAN AMOUNT LOAN APPLICANTS LOAN APPLICATION LOAN APPROVAL LOAN DISBURSEMENT LOAN REPAYMENT LOAN REPAYMENT RATES LOANS FROM FRIENDS LONG-TERM GOALS LOW-INCOME LOW-INCOME WORKERS MAINSTREAM BANK MARKETING MEDICAL EXPENSES MERCHANTS MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MICROINSURANCE MONEY MANAGERS MONEYLENDER MONTHLY INCOME MORAL HAZARD NEW BUSINESS OUTREACH PENETRATION RATES PERSONAL INCOME POOR CLIENTS PROBABILITY PURCHASES RATES OF RETURN RECEIPT REPAYMENT REPAYMENT SCHEDULES RESOURCE ALLOCATION RETURNS RISK AVERSION RISK MANAGEMENT RISK MITIGATION RISK PROFILE RISKY LOANS RURAL BANK SAFETY NET SALES SAVER SAVERS SAVINGS SAVINGS ACCOUNT SAVINGS GOALS SAVINGS PRODUCT SCHOOL FINANCE SELF-EMPLOYMENT SMALL BUSINESS SMALL BUSINESS ENTREPRENEURS SMALL BUSINESS LOAN SMALL BUSINESS OWNERS SMALL ENTERPRISES SMALL LOANS SMART MONEY SOCIAL CAPITAL SOCIAL NETWORK SOUND FINANCIAL PRACTICES SUM OF MONEY TAKE-UP RATES TRAINING PROGRAM TUITION UNEMPLOYED UNEMPLOYED WOMEN USURY VALUABLE VENTURE CAPITAL VENTURE CAPITAL FIRMS VILLAGE VOUCHER WAGE WELFARE BENEFITS WITHDRAWAL WITHDRAWAL FEES WORK FORCE WORKING CAPITAL |
| spellingShingle |
ACCESS TO CAPITAL ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FORMAL CREDIT ACCESS TO INSURANCE ACCESS TO LOANS ACCESS TO SAVINGS ACCOUNTING AMOUNT OF MONEY ANNUAL PERCENTAGE RATE APPLICATION PROCESS APR ASYMMETRIC INFORMATION AVAILABILITY OF CREDIT BANK ACCOUNT BANK ACCOUNTS BANKS BIASES BORROWER BORROWING BUSINESS ACTIVITIES BUSINESS ACUMEN BUSINESS FAILURE BUSINESS LOANS BUSINESS OPPORTUNITIES BUSINESS SCHOOL BUSINESS SUCCESS BUSINESS TRAINING CAPITAL STOCK CASH FLOW CHILD DEVELOPMENT CHILD-CARE CLEAN CREDIT COLLATERAL COMPOUND INTEREST CONSUMER CONSUMER CREDIT CONSUMER FINANCE CONTRIBUTION CREDIT ACCESS CREDIT HISTORY CREDIT MARKET CREDIT OFFICERS CREDIT PRODUCT CREDIT RELATIONSHIPS CREDIT RISK CREDIT SCORING CREDIT SCORING MODELS CREDIT WORTHINESS CREDIT-SCORING CROP FAILURE CROP INSURANCE CURRICULUM DEFAULTERS DEMOGRAPHIC CHARACTERISTICS DEPOSIT DEPOSIT INSURANCE DEVELOPING COUNTRIES DROUGHT DURABLE DURABLE GOODS EARNINGS ECONOMIC ACTIVITIES ECONOMIC POLICY EDUCATION LEVEL EMPOWERMENT ENROLLMENT ENTREPRENEUR ENTREPRENEURIAL BEHAVIOR ENTREPRENEURIAL SUCCESS EXISTING DEBT EXPENDITURE EXTRA CASH FAMILIES FAMILY MEMBERS FARM INCOME FARMER FEMALE ENTERPRISES FEMALE-OWNED BUSINESSES FINANCE COMPANY FINANCES FINANCIAL ACCESS FINANCIAL LITERACY FINANCIAL LITERACY TRAINING FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL NEEDS FINANCIAL OUTCOMES FINANCIAL PRODUCT FINANCIAL RESOURCES FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL SUCCESS FINANCIAL_ACCESS FLEXIBLE REPAYMENT FORMAL FINANCIAL SERVICE FORMAL FINANCIAL SERVICES GENDER GENERAL POPULATION GOOD CREDIT GOOD CREDIT HISTORIES GRANTS TO WOMEN ENTREPRENEURS GROUP LENDING GROUP LOANS HIGH INTEREST RATE HOME IMPROVEMENTS HOUSEHOLD EXPENDITURE HOUSEHOLD INCOME HOUSEHOLD INVESTMENTS HOUSEHOLD WELFARE HOUSEHOLDS HUSBANDS INCOME STREAMS INCOMES INFORMAL CREDIT INFORMAL INSURANCE INFORMAL LOANS INFORMAL SAVINGS INFORMATION ASYMMETRY INFORMATION ON BUSINESS INSURANCE COMPANY INSURANCE POLICY INSURANCE SCHEME INVENTORY INVESTING INVESTMENT CAPITAL LACK OF ACCESS LENDER LENDING DECISION LIABILITY LIMITED ACCESS LOAN LOAN ACCESS LOAN AMOUNT LOAN APPLICANTS LOAN APPLICATION LOAN APPROVAL LOAN DISBURSEMENT LOAN REPAYMENT LOAN REPAYMENT RATES LOANS FROM FRIENDS LONG-TERM GOALS LOW-INCOME LOW-INCOME WORKERS MAINSTREAM BANK MARKETING MEDICAL EXPENSES MERCHANTS MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MICROINSURANCE MONEY MANAGERS MONEYLENDER MONTHLY INCOME MORAL HAZARD NEW BUSINESS OUTREACH PENETRATION RATES PERSONAL INCOME POOR CLIENTS PROBABILITY PURCHASES RATES OF RETURN RECEIPT REPAYMENT REPAYMENT SCHEDULES RESOURCE ALLOCATION RETURNS RISK AVERSION RISK MANAGEMENT RISK MITIGATION RISK PROFILE RISKY LOANS RURAL BANK SAFETY NET SALES SAVER SAVERS SAVINGS SAVINGS ACCOUNT SAVINGS GOALS SAVINGS PRODUCT SCHOOL FINANCE SELF-EMPLOYMENT SMALL BUSINESS SMALL BUSINESS ENTREPRENEURS SMALL BUSINESS LOAN SMALL BUSINESS OWNERS SMALL ENTERPRISES SMALL LOANS SMART MONEY SOCIAL CAPITAL SOCIAL NETWORK SOUND FINANCIAL PRACTICES SUM OF MONEY TAKE-UP RATES TRAINING PROGRAM TUITION UNEMPLOYED UNEMPLOYED WOMEN USURY VALUABLE VENTURE CAPITAL VENTURE CAPITAL FIRMS VILLAGE VOUCHER WAGE WELFARE BENEFITS WITHDRAWAL WITHDRAWAL FEES WORK FORCE WORKING CAPITAL Bauchet, Jonathan Marshall, Cristobal Starita, Laura Thomas, Jeanette Yalouris, Anna Latest Findings from Randomized Evaluations of Microfinance |
| relation |
FORUM;No. 2 |
| description |
This paper summarizes the latest
research findings from a new body of empirical evidence that
uses randomized evaluations, similar to those used in
medical trials, to compare how one group responds to access
to specific new financial services against how a comparable
group fares without those services. This paper goes back a
couple of years to the first studies that used this
approach, and summarizes a series of research studies
presented at the October 2010 microfinance impact and
innovation conference in New York. These studies evaluated
product design for a range of financial services, including
credit, savings, and insurance. The studies discussed here
were undertaken by research affiliates of Innovations for
Poverty Action (IPA), the Financial Access Initiative (FAI),
and the Abdul Latif Jameel Poverty Action Lab (J-PAL) at the
Massachusetts Institute of Technology; they are all
randomized evaluations unless otherwise specified. Part one
of this paper reviews the main results from randomized
evaluations that measure the impact of microcredit and micro
savings on business investment and creation, consumption,
and household well-being. Part two presents evidence from
evaluations of products and delivery design. Part three
discusses the evidence on micro insurance products. |
| format |
Working Paper |
| author |
Bauchet, Jonathan Marshall, Cristobal Starita, Laura Thomas, Jeanette Yalouris, Anna |
| author_facet |
Bauchet, Jonathan Marshall, Cristobal Starita, Laura Thomas, Jeanette Yalouris, Anna |
| author_sort |
Bauchet, Jonathan |
| title |
Latest Findings from Randomized Evaluations of Microfinance |
| title_short |
Latest Findings from Randomized Evaluations of Microfinance |
| title_full |
Latest Findings from Randomized Evaluations of Microfinance |
| title_fullStr |
Latest Findings from Randomized Evaluations of Microfinance |
| title_full_unstemmed |
Latest Findings from Randomized Evaluations of Microfinance |
| title_sort |
latest findings from randomized evaluations of microfinance |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/324001468329347456/Latest-findings-from-randomized-evaluations-of-microfinance http://hdl.handle.net/10986/26892 |
| _version_ |
1764461183277989888 |
| spelling |
okr-10986-268922021-04-23T14:04:34Z Latest Findings from Randomized Evaluations of Microfinance Bauchet, Jonathan Marshall, Cristobal Starita, Laura Thomas, Jeanette Yalouris, Anna ACCESS TO CAPITAL ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FORMAL CREDIT ACCESS TO INSURANCE ACCESS TO LOANS ACCESS TO SAVINGS ACCOUNTING AMOUNT OF MONEY ANNUAL PERCENTAGE RATE APPLICATION PROCESS APR ASYMMETRIC INFORMATION AVAILABILITY OF CREDIT BANK ACCOUNT BANK ACCOUNTS BANKS BIASES BORROWER BORROWING BUSINESS ACTIVITIES BUSINESS ACUMEN BUSINESS FAILURE BUSINESS LOANS BUSINESS OPPORTUNITIES BUSINESS SCHOOL BUSINESS SUCCESS BUSINESS TRAINING CAPITAL STOCK CASH FLOW CHILD DEVELOPMENT CHILD-CARE CLEAN CREDIT COLLATERAL COMPOUND INTEREST CONSUMER CONSUMER CREDIT CONSUMER FINANCE CONTRIBUTION CREDIT ACCESS CREDIT HISTORY CREDIT MARKET CREDIT OFFICERS CREDIT PRODUCT CREDIT RELATIONSHIPS CREDIT RISK CREDIT SCORING CREDIT SCORING MODELS CREDIT WORTHINESS CREDIT-SCORING CROP FAILURE CROP INSURANCE CURRICULUM DEFAULTERS DEMOGRAPHIC CHARACTERISTICS DEPOSIT DEPOSIT INSURANCE DEVELOPING COUNTRIES DROUGHT DURABLE DURABLE GOODS EARNINGS ECONOMIC ACTIVITIES ECONOMIC POLICY EDUCATION LEVEL EMPOWERMENT ENROLLMENT ENTREPRENEUR ENTREPRENEURIAL BEHAVIOR ENTREPRENEURIAL SUCCESS EXISTING DEBT EXPENDITURE EXTRA CASH FAMILIES FAMILY MEMBERS FARM INCOME FARMER FEMALE ENTERPRISES FEMALE-OWNED BUSINESSES FINANCE COMPANY FINANCES FINANCIAL ACCESS FINANCIAL LITERACY FINANCIAL LITERACY TRAINING FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL NEEDS FINANCIAL OUTCOMES FINANCIAL PRODUCT FINANCIAL RESOURCES FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL SUCCESS FINANCIAL_ACCESS FLEXIBLE REPAYMENT FORMAL FINANCIAL SERVICE FORMAL FINANCIAL SERVICES GENDER GENERAL POPULATION GOOD CREDIT GOOD CREDIT HISTORIES GRANTS TO WOMEN ENTREPRENEURS GROUP LENDING GROUP LOANS HIGH INTEREST RATE HOME IMPROVEMENTS HOUSEHOLD EXPENDITURE HOUSEHOLD INCOME HOUSEHOLD INVESTMENTS HOUSEHOLD WELFARE HOUSEHOLDS HUSBANDS INCOME STREAMS INCOMES INFORMAL CREDIT INFORMAL INSURANCE INFORMAL LOANS INFORMAL SAVINGS INFORMATION ASYMMETRY INFORMATION ON BUSINESS INSURANCE COMPANY INSURANCE POLICY INSURANCE SCHEME INVENTORY INVESTING INVESTMENT CAPITAL LACK OF ACCESS LENDER LENDING DECISION LIABILITY LIMITED ACCESS LOAN LOAN ACCESS LOAN AMOUNT LOAN APPLICANTS LOAN APPLICATION LOAN APPROVAL LOAN DISBURSEMENT LOAN REPAYMENT LOAN REPAYMENT RATES LOANS FROM FRIENDS LONG-TERM GOALS LOW-INCOME LOW-INCOME WORKERS MAINSTREAM BANK MARKETING MEDICAL EXPENSES MERCHANTS MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTIONS MICROINSURANCE MONEY MANAGERS MONEYLENDER MONTHLY INCOME MORAL HAZARD NEW BUSINESS OUTREACH PENETRATION RATES PERSONAL INCOME POOR CLIENTS PROBABILITY PURCHASES RATES OF RETURN RECEIPT REPAYMENT REPAYMENT SCHEDULES RESOURCE ALLOCATION RETURNS RISK AVERSION RISK MANAGEMENT RISK MITIGATION RISK PROFILE RISKY LOANS RURAL BANK SAFETY NET SALES SAVER SAVERS SAVINGS SAVINGS ACCOUNT SAVINGS GOALS SAVINGS PRODUCT SCHOOL FINANCE SELF-EMPLOYMENT SMALL BUSINESS SMALL BUSINESS ENTREPRENEURS SMALL BUSINESS LOAN SMALL BUSINESS OWNERS SMALL ENTERPRISES SMALL LOANS SMART MONEY SOCIAL CAPITAL SOCIAL NETWORK SOUND FINANCIAL PRACTICES SUM OF MONEY TAKE-UP RATES TRAINING PROGRAM TUITION UNEMPLOYED UNEMPLOYED WOMEN USURY VALUABLE VENTURE CAPITAL VENTURE CAPITAL FIRMS VILLAGE VOUCHER WAGE WELFARE BENEFITS WITHDRAWAL WITHDRAWAL FEES WORK FORCE WORKING CAPITAL This paper summarizes the latest research findings from a new body of empirical evidence that uses randomized evaluations, similar to those used in medical trials, to compare how one group responds to access to specific new financial services against how a comparable group fares without those services. This paper goes back a couple of years to the first studies that used this approach, and summarizes a series of research studies presented at the October 2010 microfinance impact and innovation conference in New York. These studies evaluated product design for a range of financial services, including credit, savings, and insurance. The studies discussed here were undertaken by research affiliates of Innovations for Poverty Action (IPA), the Financial Access Initiative (FAI), and the Abdul Latif Jameel Poverty Action Lab (J-PAL) at the Massachusetts Institute of Technology; they are all randomized evaluations unless otherwise specified. Part one of this paper reviews the main results from randomized evaluations that measure the impact of microcredit and micro savings on business investment and creation, consumption, and household well-being. Part two presents evidence from evaluations of products and delivery design. Part three discusses the evidence on micro insurance products. 2017-06-05T17:41:56Z 2017-06-05T17:41:56Z 2011-12 Working Paper http://documents.worldbank.org/curated/en/324001468329347456/Latest-findings-from-randomized-evaluations-of-microfinance http://hdl.handle.net/10986/26892 English en_US FORUM;No. 2 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper |