The miracle of microfinance? Evidence from a Randomized Evaluation

The miracle of microfinance? Evidence from a Randomized Evaluation
Microfinance institutions (MFIs) have expanded rapidly over the last 10 to 15 years: according to the Microcredit Summit Campaign (2012), the number of very poor families with a microloan has grown more than 18-fold from 7.6 million in 1997 to 137.5 million in 2010.

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