EBRD Impact Brief. Microfinance on the margin: Evidence from Bosnia and Herzegovina

A substantial part of the world's population has no or only limited access to formal financial services. Many of the poor depend of informal networks and family ties- which are often liss reliable or relatively expensive- and this may constraing potential entrepreneurs in executing profitable investment projects. To analyse to what extent a lack of credit may inhibit entrepreneurship and perpetuate poverty, this EBRD impact brief reports on a randomised field experiment in Bosnia and Herzegovina.