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Evaluation of Impacts of Access to Credit and Loan Size for Microcredit Clients in South Africa

This study has been completed.
Sponsor:
ClinicalTrials.gov Identifier:
NCT00700349
First Posted: June 18, 2008
Last Update Posted: June 18, 2008
The safety and scientific validity of this study is the responsibility of the study sponsor and investigators. Listing a study does not mean it has been evaluated by the U.S. Federal Government. Read our disclaimer for details.
Collaborators:
Broadening Access and Strengthening Input Market Systems/USAID
U.S. National Science Foundation
Bill and Melinda Gates Foundation
Princeton University
Social Science Research Council Program in Applied Economics
Federal Reserve Bank of New York
Information provided by:
Innovations for Poverty Action
June 16, 2008
June 18, 2008
June 18, 2008
September 2004
November 2005   (Final data collection date for primary outcome measure)
  • Center for Epidemiologic Studies Depression Scale (CES-D), a 20-item questionnaire (0 = no risk, 60 = highest risk) [ Time Frame: At follow-up (6-12 months after subject enrollment) ]
  • Perceived stress, measured using the Cohen's Perceived Stress Scale (PSS), a 10-item questionnaire (0 = no stress, 40 = high stress) [ Time Frame: At follow-up (6-12 months after subject enrollment) ]
Same as current
No Changes Posted
Household income, measured by a variety of questions that asked about all sources of income obtained by all members of the applicant's household. [ Time Frame: At follow-up (6-12 months after subject enrollment) ]
Same as current
Not Provided
Not Provided
 
Evaluation of Impacts of Access to Credit and Loan Size for Microcredit Clients in South Africa
Evaluation of Impacts of Access to Credit and Loan Size for Microcredit Clients in South Africa
This study involves randomization of individuals who were initially rejected from a micro-lending organization in South Africa. Subjects were placed into two arms: (1) not receiving a loan; (2) being reconsidered for a "second look." Of those in the second arm, 53% were then selected by the organization's loan officers to receive a standard loan for first-time borrowers. Mental health and financial data were collected at one timepoint: approximately 6-12 months after the subjects first applied for the loan.
Not Provided
Interventional
Not Provided
Allocation: Randomized
Intervention Model: Parallel Assignment
Masking: Single (Outcomes Assessor)
  • Mental Health
  • Depression
  • Stress
Other: Small loan
Applicants in the treatment group were offered an interest rate, loan size, and maturity per the lender's standard underwriting criteria, involving a 4-month maturity at 11.75% per month, charged on the original balance (200% annual percentage rate).
  • No Intervention: 1
    Individuals who were rejected from receiving a loan from a micro-lending organization were randomized to continue receiving no loan.
  • Experimental: 2
    Individuals who were rejected from receiving a loan from a micro-lending organization were randomized to receive a "second look," to be reconsidered for a loan by loan officers.
    Intervention: Other: Small loan
Not Provided

*   Includes publications given by the data provider as well as publications identified by ClinicalTrials.gov Identifier (NCT Number) in Medline.
 
Completed
3000
November 2005
November 2005   (Final data collection date for primary outcome measure)

Inclusion Criteria:

  • Subjects were recruited from those who had been rejected from a lending organization for non-fraudulent or non-overindebtness reasons.

Exclusion Criteria:

Sexes Eligible for Study: All
18 Years and older   (Adult, Senior)
No
Contact information is only displayed when the study is recruiting subjects
South Africa
 
 
NCT00700349
IPA-2004-SA
Not Provided
Not Provided
Not Provided
Dean Karlan, Innovations for Poverty Action
Innovations for Poverty Action
  • Broadening Access and Strengthening Input Market Systems/USAID
  • U.S. National Science Foundation
  • Bill and Melinda Gates Foundation
  • Princeton University
  • Social Science Research Council Program in Applied Economics
  • Federal Reserve Bank of New York
Principal Investigator: Dean Karlan, PhD Innovations for Poverty Action
Principal Investigator: Jonathan Zinman, PhD Dartmouth University
Principal Investigator: Lia Fernald, PhD University of California, Berkeley
Innovations for Poverty Action
June 2008

ICMJE     Data element required by the International Committee of Medical Journal Editors and the World Health Organization ICTRP