arrow checkmark code cross email facebook magnifier pdf phone plus twitter user youtube

Biblioteca

Publicado en: Artículo en revista académica

Micro-Entrepreneurship Debt Level and Access to Credit: Short Term Impacts of a Financial Literacy Program

Claudia Martínez A.; Esteban Puentes

European Journal of Development Research, Online 19 April 2017

Using a randomized control trial, we evaluated the effect of a financial literacy program on the level of debt and on formal access to credit in Chile. We use a sample of beneficiaries of a publicly run micro-entrepreneurship program. We evaluated the program using administrative data with information on the debt level, interest rates, and new loans provided by the formal sector. The program tends to decreased debt level in the short run while increasing the probability of having formal debt. The program had effects in parts of the country where the take-up was higher and the implementation was smoother.

Keywords: financial literacy, debt, randomized evaluation, micro entrepreneurship, formal loans 

 

Ir a publicación
Etiquetas: , , , ,