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2009/4 Synthesis of Impact Evaluations of Microcredit

Microcredit is regarded as a key development tool for reaching poor and vulnerable which has received considerable international recognizition and seen a significant growth in funding and outreach.
However, despite the broad recognition thoroughly tested knowledge about its impact and effect have remained partial and contested.
Recent and emerging research has started to address the issue of whether and how microcredit works using methods seeking to overcome weaknesses in previous microcredit studies and evaluations.
Given this growing evidence base, the substantive developments in evaluation methods, and the growing mainstream adoption of microcredit, the Evaluation Department of Danida has commissioned a synthesis of the recent research and available finalized evaluations of support to credit with the following objectives:

1. analyze what can be said about the causal impact of a microcredit programme - based on existing research and evaluations – once an experimental/quasi-experimental evaluation design is applied, and

2. to evaluate the methodology used in current microcredit evaluations undertaken by donors.

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Evaluation Department, Ministry of Foreign Affairs/Danida, Denmark

AuthorJens Kovsted, PhD Centre for Economic and Business Research, Associate Professor Thomas
Andersen, PhD, Institute of Economics, University of Copenhagen & Andreas Kuchler, PhD student, Department of Business and Economics, University of Southern Denmark

Ministry of Foreign Affairs of Denmark
Asiatisk Plads 2 
DK-1448 Copenhagen K
Tel. +45 33 92 00 00
Fax +45 32 54 05 33
[email protected]



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