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首页> 外文期刊>Journal of Development Economics >Credit lines in microcredit: Short-term evidence from a randomized controlled trial in India
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Credit lines in microcredit: Short-term evidence from a randomized controlled trial in India

机译：小额信贷中的信用额度：印度随机对照试验的短期证据

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We study the short-term effect of flexible microcredit loans on small businesses. We use data from a randomized controlled trial that offered a credit line product to street vendors in India. The credit line retains standard features of microcredit such as joint liability, female borrowers and weekly meetings, but allows flexible borrowing and repayment, like a credit card. We find a positive effect on the vendors' gross profits: on average, a credit line increases profits by 7 percent compared to a standard microcredit term loan. The profit differential increases with time since loan disbursal, to about 15 percent after 18 weeks. The observed increase in profits appears to be mainly driven by the credit line allowing more flexible borrowing and repayments, and allowing vendors to invest in more profitable goods. Our findings highlight providing flexible loans as a viable strategy for raising the impact of microcredit.
机译：我们研究灵活的小额信贷贷款对小企业的短期影响。 我们使用来自随机对照试验的数据，该试验向印度的街头供应商提供了信用额度产品。 信用额度保留了单据小额信贷的标准特征，如联合责任，女借款人和每周会议，但允许灵活借贷和还款，如信用卡。 我们对供应商的毛利产生了积极影响：平均而言，与标准的小额信贷期限贷款相比，信用额度将利润提高7％。 自贷款支出以来，利润差异随着时间的推移而增加，在18周后约15％。 观察到的利润增加似乎主要由信用额度推动，允许更灵活的借贷和还款，并允许供应商投资更有利可图的商品。 我们的调查结果强调，提供灵活的贷款，作为提高小额信贷影响的可行策略。

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