Ralph De Haas
One Exchange Square
Institutional Affiliation: EBRD
NBER Working Papers and Publications
|November 2012||The Impacts of Microcredit: Evidence from Bosnia and Herzegovina|
with Britta Augsburg, Heike Harmgart, Costas Meghir: w18538
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.
Published: Britta Augsburg & Ralph De Haas & Heike Harmgart & Costas Meghir, 2015. "The Impacts of Microcredit: Evidence from Bosnia and Herzegovina," American Economic Journal: Applied Economics, American Economic Association, vol. 7(1), pages 183-203, January. citation courtesy of