The Impacts of Microcredit: Evidence from Bosnia and Herzegovina | Zendy

Britta Augsburg | Zendy; Ralph De Haas | Zendy; Heike Harmgart | Zendy; Costas Meghir | Zendy

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The Impacts of Microcredit: Evidence from Bosnia and Herzegovina

Author(s) -

Britta Augsburg,

Ralph De Haas,

Heike Harmgart,

Costas Meghir

Publication year - 2015

Publication title -

american economic journal applied economics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 12.996

H-Index - 82

eISSN - 1945-7782

pISSN - 1945-7790

DOI - 10.1257/app.20130272

Subject(s) - consumption (sociology) , loan , demographic economics , economics , population , wage , labour economics , labour supply , empirical evidence , business , finance , demography , social science , philosophy , epistemology , sociology

We use an RCT to analyze the impacts of microcredit. The study population consists of loan applicants who were marginally rejected by an MFI in Bosnia. A random subset of these were offered a loan. We provide evidence of higher self-employment, increases in inventory, a reduction in the incidence of wage work and an increase in the labor supply of 16-19 year olds in the household's business. We also present some evidence of increases in profits and a reduction in consumption and savings. There is no evidence that the program increased overall household income.

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