Cross-post: First Randomized Trial of Microcredit
Over on my microfinance "open book" blog, I posted a digest of what is arguably the first gold standard evaluation of a storied anti-poverty intervention, microcredit.
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Over on my microfinance "open book" blog, I posted a digest of what is arguably the first gold standard evaluation of a storied anti-poverty intervention, microcredit.
If you want to understand how poor people in poor countries manage money, invest in Portfolios of the Poor. The new book's four authors---Daryl Collins, Jonathan Morduch, Stuart Rutherford, and Orlanda Ruthven---took up an idea of David Hulme, to compile financial diaries of poor households.
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