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A lack of access to finance can impede the potential for growth among small firms. To meet this finance gap and to encourage high-growth entrepreneurship, governments and multilateral agencies throughout the developing world often directly fund small and medium enterprises. Governments, however...

Underprivileged students in the Dominican Republic face a series of barriers to access post-secondary education. Despite existing scholarship programs, application rates for financial aid offered by the government are extremely low, and poor and rural students are much less likely to apply for and...

In the context of a recent government policy that reduced costs of formalization, researchers provided information on the formal entry process through workshops and personalized visits to determine the impacts of information on firms’ decision to formalize.

Researchers partnered with the largest public bank in Guatemala to measure the impact of light-touch financial products, such as reminders and suggested ‘default’ savings contribution levels, on the savings behavior of microfinance borrowers. Clients who were prompted to save through default...