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Previous research found that microcredit does not substantially improve borrowers’ income or social well-being, but less evidence exists on the impact of larger loans.

Following a series of evaluations of the Graduation approach in 15 other countries, researchers are now evaluating the impact of the Graduation approach on the livelihoods of the ultra-poor in Upper Egypt.

Researchers compared the effects of face-to-face and virtual peer interaction on the submission and quality of business proposals by individuals from 49 African countries enrolled in an online entrepreneurship course. They found that face-to-face networks and the virtual interaction of groups of...