Useful and thanks for the work in this area.
Wondering if there is any evidence on the following:
What happens if there was no grant or lending at all? Are the enterpreneurs significantly worse of?
Also, is all type of lending the same? or does it depend on the product? For example is there are interest rate bracket where men see the most benefit? Is subsidizing interest rates worth it? Or should the lending take place at market rate?
thanks for your thoughts