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Financial Sector

Money for her or for him? Unpacking the impact of capital infusions for female enterprises

Markus Goldstein's picture
In a 2009 paper, David McKenzie and coauthors Chris Woodruff and Suresh de Mel find that giving cash grants to male entrepreneurs in Sri Lanka has a positive and significant return, while giving the same to women did not.   David followed this up with work with coauthors in Ghana that compared in-kind and cash grants for women and men.  Again, better returns for men (with in-kind working for some

Measured Profit is not Welfare or is it? Intriguing evidence from when microfinance clients gave up microfinance

David McKenzie's picture
I finally got around to reading an intriguing paper by Banerjee, Duflo and Hornbeck that has been on my reading list for a while. This paper is a nice example of making lemonade out of lemons – they had intended to evaluate a health insurance product that a microfinance organization in India made mandatory for its clients in selected villages.

Business training that goes better with friends

Markus Goldstein's picture
The evidence on the effectiveness of business training is, at best, mixed (for an example, see my previous post on David McKenzie and Chris Woodruff's artful review).   As David and Chris point out, part of the problem was methods (esp. sample size).   But even when the methods were good, the results were often lackluster, particularly for women.  

Saving your way to a better state

Markus Goldstein's picture
People in developing countries, much like people everywhere, save.   And in Sub-Saharan Africa, beyond banks, folks save through a bunch of techniques -- ranging from the less sophisticated under the mattress savings to the more complex community-based rotating savings and credit associations (ROSCAs).    Given this plethora of savings options, one might wonder if an NGO program that set up savings groups but injected no capital or lockboxes or any other capital intensive intervention might make a

Marketing matters: Increasing microinsurance coverage beyond lowering prices: Guest Post by Jonathan Bauchet

Poor households in developing countries face large and varied risks. Many agriculture-dependent households, for example, are at risk of drought- or flood-induced crop failures or livestock deaths. The death of a family member often implies having to fund expensive burial ceremonies, and if the deceased was the household’s primary earner, replacing her/his stream of income is an even bigger problem.

Notes from the field: Setting up a firm survey in Malawi

Markus Goldstein's picture

I am currently in Malawi rolling out a firm survey with my colleagues Francisco Campos and Manuela Bucciarelli.    As we’ve gone through the enumerator selection and training this week and a pre-test of the survey, a number of observations have come up – some related to firm surveys in particular, some more general.   In no particular order:

How can we do better business training evaluations?

Markus Goldstein's picture

Last week I blogged about a paper that David wrote with Chris Woodruff which takes stock of the existing evidence on the impact of business trainings.   The bottom line was that we still don’t know much.   Part of the reason is that these types of evaluations are not straightforward to do – they have some pitfalls that you don’t always find in your garden variety impact evaluation. So to

Does Business Training Work?

Markus Goldstein's picture

What do we really know about how to build business capacity?    A nice new paper by David McKenzie and Chris Woodruff takes a look at the evidence on business training programs – one of the more common tools used to build up small and medium enterprises.   They do some work to make the papers somewhat comparable and this helps us to add up the totality of the lessons.   What’s more, as David and Chris go through the evidence, they come up with a lot of interestin