Media Coverage
May 20, 2013
The Economist wrote about IPA's recently released studies on interest rate sensitivity and the impact of microcredit on women with Mexican microfinance bank Compartamos Banco.
Media Coverage
May 20, 2013
Mexico's El Economista discusses our study on the impact of lowering interest rates for microloans in Mexico (article in Spanish).
Press Release
May 14, 2013
For Immediate Release
Dean Karlan, Sendhil Mullainathan, Jonathan Zinman
March 20, 2012

This blog series highlights the randomized trial of the impact of Compartamos, a for-profit microlender in Mexico, and their expansion in the Nogales area. The questions came from the original post here.

Outcome measure: Is there substitution between use of Compartamos (Crédito Mujer) and informal lending/savings mechanisms?

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Dean Karlan, Sendhil Mullainathan, Jonathan Zinman
March 13, 2012

We are nearing completion of a randomized trial of the impact of Compartamos, a for-profit microlender in Mexico, and their expansion in the Nogales area. We will be posting our hypothesis before we do the analysis, and encourage readers to do the same, for three reasons:

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Dean Karlan, Christopher Udry, Miriam Bruhn, Antoinette Schoar
February 28, 2012

At Academy Award parties on Sunday across the country, people filled out sample ballots to guess the Oscar winners before they were announced. Now we’re doing the same thing. We’ve got a new challenge for all you blog readers out there: predict the results of our studies.

Media Coverage
May 16, 2011
Politicians are ignorant about trials, and they're weird about evidence. It doesn't need to be this way. In international development work, resources are tight and people know that good intentions aren't enough: in fact, good intentions can sometimes do harm. We need to know what works.
Manuela Angelucci, Dean Karlan, Jonathan Zinman, Sendhil Mullainathan
January 26, 2011

Nobel Laureate Muhammad Yunus is scathing of for-profit microfinance in a recent New York Times op-ed.  

 

I never imagined that one day microcredit would give rise to its own breed of loan sharks.

But it has.

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Jonathan Morduch, Dean Karlan, Abhijit Banerjee, Esther Duflo
October 21, 2010

The emerging answer seems to be similar to the answer to the question: "Does Aid Work?": It depends.

We just finished up the first panel session at Microfinance Impact 2010, moderated by Jonathan Morduch, and with presentations by Dean Karlan (Yale and IPA), Abhijit Banerjee (MIT), Esther Duflo (MIT), Carlos Danel (Compartamos Banco) and Tanguy Bernard (Agence Française de Développement).

Carlos Danel
October 14, 2010

We’ve all read the story of the poor woman who was unable to pay her bills and keep her children in school, until a microfinance institution came to her village and loaned her the funds to start her own business and become financially self-sufficient. Such stories communicate the promise of microcredit but they are, in the end, just stories. Reality is always more complicated.

Dean Karlan, Christopher Udry, Miriam Bruhn, Antoinette Schoar
April 13, 2009

This seems to be our week to blog about Bill Easterly's blog.  Although in this one, we aren't going to agree as much.  I was really excited to see his report about Women's Trust until I got to the final paragraph:

Media Coverage
December 13, 2007
Dean Karlan and Jonathan Zinman provide insight into the effects of expanded access to credit with findings from a South Africa study, whereby a lender offered loans to individuals who had previously been narrowly rejected for loans. The results: the lender saw some profits, and borrowers had more food on the table, better job retention, more spending on transportation to get to work, and a boost in credit ratings.

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