Thursday, March 12, 2015

Some evidence about microfinance

Chris Blattman links to a recent survey If you read one thing about microfinance, read this:
"The punchlines:
  1. Only about one in four or five households wanted a small loan.
  2. Some of them used the money to grow their very small businesses. But this rarely led to higher profits.
  3. None of the seven studies found a significant impact on household income.
  4. And there’s no evidence it empowered women or led more children to go to school.
  5. But the loans give a little freedom. People make the same money as before, but in different activities that they chose."

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