Mediation Effect of Recipients’ Characteristics on the Effectiveness of Microfinance on Income and Consumption

Our based paper from Orazio et al.(2015) found evidence that getting access to group lending had a positive effect on woman consumption but not on their income.Yet, much remains unclear which kind of recipient can benefit most from the microfinance program. We try to get more insights about the role of recipients’ characteristics with the same experiment data Orazio et al.(2015) who did a randomized field experiment in rural Mongolia.Try to discover whether woman.