Expanding Microfinance in Brazil : Credit Utilization and Performance of Small Firms

We take advantage of the natural experiment generated by the exogenous change in government policy towards microcredit to evaluate the impact of the increased supply of microcredit on the utilisation of credit by micro-entrepreneurs. Based on micro-entrepreneurs' survey and administrative data...

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Bibliographic Details
Main Authors:	Skoufias, Emmanuel, Leite, Phillippe, Narita, Renata
Format:	Journal Article
Language:	en_US
Published:	Taylor and Francis 2013
Subjects:	treatment effects firm performance CrediAmigo microcredit business performance
Online Access:	http://hdl.handle.net/10986/15400

id	okr-10986-15400
recordtype	oai_dc
spelling	okr-10986-154002021-04-23T14:03:22Z Expanding Microfinance in Brazil : Credit Utilization and Performance of Small Firms Skoufias, Emmanuel Leite, Phillippe Narita, Renata treatment effects firm performance CrediAmigo microcredit business performance We take advantage of the natural experiment generated by the exogenous change in government policy towards microcredit to evaluate the impact of the increased supply of microcredit on the utilisation of credit by micro-entrepreneurs. Based on micro-entrepreneurs' survey and administrative data from a microcredit programme in Brazil, we show that: the increased supply of microcredit raised formal credit utilisation and this does not crowd out the use of informal credit sources; formal credit taking improves business performance; and returns are larger for women- than for men-owned firms, but males employ significantly more workers after taking formal credit than females. 2013-08-27T21:19:02Z 2013-08-27T21:19:02Z 2013-06-18 Journal Article Journal of Development Studies 0022-0388 DOI:10.1080/00220388.2013.790961 http://hdl.handle.net/10986/15400 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank Taylor and Francis Publications & Research :: Journal Article Publications & Research Brazil
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	treatment effects firm performance CrediAmigo microcredit business performance
spellingShingle	treatment effects firm performance CrediAmigo microcredit business performance Skoufias, Emmanuel Leite, Phillippe Narita, Renata Expanding Microfinance in Brazil : Credit Utilization and Performance of Small Firms
geographic_facet	Brazil
description	We take advantage of the natural experiment generated by the exogenous change in government policy towards microcredit to evaluate the impact of the increased supply of microcredit on the utilisation of credit by micro-entrepreneurs. Based on micro-entrepreneurs' survey and administrative data from a microcredit programme in Brazil, we show that: the increased supply of microcredit raised formal credit utilisation and this does not crowd out the use of informal credit sources; formal credit taking improves business performance; and returns are larger for women- than for men-owned firms, but males employ significantly more workers after taking formal credit than females.
format	Journal Article
author	Skoufias, Emmanuel Leite, Phillippe Narita, Renata
author_facet	Skoufias, Emmanuel Leite, Phillippe Narita, Renata
author_sort	Skoufias, Emmanuel
title	Expanding Microfinance in Brazil : Credit Utilization and Performance of Small Firms
title_short	Expanding Microfinance in Brazil : Credit Utilization and Performance of Small Firms
title_full	Expanding Microfinance in Brazil : Credit Utilization and Performance of Small Firms
title_fullStr	Expanding Microfinance in Brazil : Credit Utilization and Performance of Small Firms
title_full_unstemmed	Expanding Microfinance in Brazil : Credit Utilization and Performance of Small Firms
title_sort	expanding microfinance in brazil : credit utilization and performance of small firms
publisher	Taylor and Francis
publishDate	2013
url	http://hdl.handle.net/10986/15400
_version_	1764431044256202752

Expanding Microfinance in Brazil : Credit Utilization and Performance of Small Firms

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