@misc{35569,
title = {Evidence in Labor Market Policies and Implications for Brazil: Microcredit},
author = {Mancha, André and Cavalcanti, Filipe and Ratcher, Laísa and Gouvea, Livia and Fontes, Luiz Felipe},
year = {2024},
doi = {10.18235/0013170},
abstract = {This publication, co-authored by JOI Brazil, a J-PAL LAC initiative, and the Inter-American Development Bank analyzes the available evidence on microcredit programs and discusses their implications for public policy formulation in Brazil. Microcredit programs can be a tool to help entrepreneurs overcome financial constraints by providing access to small loans aimed at fostering growth and alleviating poverty through increased income-generating opportunities. However, despite the global popularity of these programs, evaluations in middle- and low-income countries indicate that the provision of microcredit has not always led to significant impacts on the income and consumption of their beneficiaries, nor has it consistently promoted high-return investments. Given this, it is essential to identify the most relevant characteristics of successful programs.},
url = {https://doi.org/10.18235/0013170}
}