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|c 5.00 USD
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|z 9781484376362
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Agarwal, Sumit.
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|a Financial Access Under the Microscope /
|c Sumit Agarwal, Thomas Kigabo, Camelia Minoiu, Andrea Presbitero.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2018.
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|a 1 online resource (55 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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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|a Mode of access: Internet
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|a Kigabo, Thomas.
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|a Minoiu, Camelia.
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|a Presbitero, Andrea.
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|a IMF Working Papers; Working Paper ;
|v No. 2018/208
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2018/208/001.2018.issue-208-en.xml
|z IMF e-Library
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