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Microcredit impacts : evidence from a large-scale observational study in Brazil

Goldszmidt, Rafael ; Behr, Patrick ; Zucco, Cesar ; Lenz, Anna-Katharina ; Gonzalez, Lauro ; Valdivia, Martin

In: The european journal of development research, 2021, p. 27

This paper studies the impact of microcredit in Brazil. We use a propensity score matching on original primary data on business and personal outcomes to compare veteran clients of BNDES - Brazil’s largest government-owned development bank - to a matched sample of more recent clients. Based on administrative data as well as data from a survey of 2107 clients from the South and Northeast...