Give Me a Pass: Flexible Credit for Entrepreneurs in Colombia
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https://www.nber.org/papers/w30634
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Although microcredit has reached millions, recent randomized evaluations find limited average business impacts. Contract rigidity, specifically the fixed and frequent installments, may restrict moral hazard but limit productive risk-taking, thus limiting the impact. With a Colombian lender, we
提供机构:
美国国家经济研究局
创建时间:
2022-11-01



