Coupling business training with microloans is a practice that is growing in popularity. This article cites an IPA study in Peru led by Dean Karlan and Martin Valdivia which found that the business training program improved outcomes for borrowers and surprisingly had a larger effect for those that expressed less interest in training at the outset of the program.
The New York Times
June 25, 2009
Partnership for Economic Policy (PEP), ATINCHIK, Corporación Andina de Fomento (CAF) Research Program on Development Issues, FINCA Peru, Ford Foundation, Freedom From Hunger, National Science Foundation (NSF), The Bill & Melinda Gates Foundation, U.S. Department of Labor, Bureau of International Labor Affairs