NCT00700349

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

• Status: Completed
• Phase: N/A
• Study type: Interventional
• Enrollment: 3,000 (actual)
• Sponsor: Innovations for Poverty Action · Academic / Other
• Sex: All
• Age: 18 Years
• Healthy volunteers: Not accepted

Summary

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.

Conditions

• Mental Health
• Depression
• Stress

Interventions

Type	Name	Description
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).

Timeline

• Start date: 2004-09-01
• Primary completion: 2005-11-01
• Completion: 2005-11-01
• First posted: 2008-06-18
• Last updated: 2008-06-18

Locations

3 sites across 1 country: South Africa