Financial Access Under the Microscope

Medientyp: E-Book

Titel: Financial Access Under the Microscope

Beteiligte: Agarwal, Sumit [VerfasserIn]; Kigabo, Thomas [Sonstige Person, Familie und Körperschaft]; Minoiu, Camelia [Sonstige Person, Familie und Körperschaft]; Presbitero, Andrea [Sonstige Person, Familie und Körperschaft]; Silva, André F. [Sonstige Person, Familie und Körperschaft]

Erschienen: [S.l.]: SSRN, [2018]

Umfang: 1 Online-Ressource (56 p)

Sprache: Englisch

DOI: 10.2139/ssrn.3285214

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Anmerkungen: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 2018 erstellt

Beschreibung: We examine the impact of a large-scale microcredit expansion program on financial access and the transition of previously unbanked borrowers to commercial banks. Using administrative micro-data covering the universe of loans to individuals from a developing country, we show that the program significantly increased access to credit, particularly in less developed areas. This effect is driven by the newly set-up credit cooperatives (U-SACCOs), which grant loans to previously unbanked individuals. A sizable share of first-time borrowers who need a second loan switch to commercial banks, which cream-skim low-risk borrowers and grant them larger, cheaper, and longer-term loans. These borrowers are not riskier than similar individuals already at commercial banks and only initially receive smaller loans. Our results suggest that the microfinance sector, together with a well-functioning credit reference bureau, help mitigate information frictions in credit markets

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