Serving the Underserved: Microcredit as a Pathway to Commercial Banks
研究了大规模小额信贷扩张项目如何帮助无银行账户者建立信用记录，进而转向商业银行，获得更大、更便宜、更长期的贷款，并降低贫困。
Abstract A large-scale microcredit expansion program—together with a credit bureau accessible to all lenders—can enable unbanked borrowers to build a credit history, facilitating their transition to commercial banks. Loan-level data from Rwanda show the program improved access to credit and reduced poverty. A sizable share of first-time borrowers switched to commercial banks, which cream-skim less risky borrowers and grant them larger, cheaper, and longer-maturity loans. Switchers have lower default risk than nonswitchers and are not riskier than other bank borrowers. Switchers also obtain better loan terms from banks compared with first-time bank borrowers without a credit history.