This executive summary from JPAL provides a synopsis of the microcredit intervention in India run by Abhijit Banerjee, Emily Breza, Esther Duflo, Rachel Glennerster, and Cynthia Kinnan. The short: they find that microcredit isn’t the amazing poverty-reducing machine it had been assumed to be. It turns out that not everyone wants to be or is good at being an entrepreneur.
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