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Race and Jobs

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The Second Attempt Made the Difference

The Second Attempt Made the Difference

Leveraging Government Transfers to Offer Low-Risk Microcredit in the Dominican Republic

Despite the initial promise of microcredit, randomized evaluations have found at best modest effects of microloans on poverty. Digitized payments from government cash transfer programs provide a unique opportunity to offer microcredit while addressing some of its shortcomings, potentially reducing...