"evidence from multiple randomized evaluations of microcredit, … [says] impact on household business & consumption variables is unlikely to be transformative and may be negligible." https://pubs.aeaweb.org/doi/pdfplus/10.1257/app.20170299 …
The countries that have microcredit have strong family and friend networks and it's always been hard for me to believe that these microborrowers can't find a relatively richer relative or friend to give them money to get a cow.
