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

• Tác giả: Phillippe Leite
• Ngôn ngữ: eng
• Ký hiệu phân loại: 016.98 Bibliographies and catalogs of works on specific subjects or in specific disciplines
• Thông tin xuất bản: Taylor and Francis, 2013
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 301200
• Chủ đề: 1. business performance; 2. CrediAmigo; 3. firm performance; 4. microcredit; 5. treatment effects

Tóm tắt

 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.