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IFS/STICERD/UCL Development Work in Progress Seminar

Directed Lending and Female Entrepreneurs: Micro Evidence from Turkey

Cagatay Bircan (EBRD), joint with Halil I. Aydin and Ralph De Haas

Thursday 22 September 2022 13:00 - 14:00

Many of our seminars and public events this year will continue as in person or as hybrid (online and in person) events. Please check our website listings and Twitter feed @STICERD_LSE for updates.

Unless otherwise specified, in-person seminars are open to the public.

Those unable to join the seminars in-person are welcome to participate via zoom if the event is hybrid.


About this event

We combine microdata from the Turkish credit registry with administrative tax records on firms to trace the impacts of a large-scale directed lending program for female entrepreneurs across the whole of Turkey. We first show that participating banks durably increase lending to women – both in absolute terms and relative to male entrepreneurs. These banks lend more to their pre-existing female borrowers, poach new clients from other banks, and grant more loans to first-time borrowers. Compared with a matched control group, treated female entrepreneurs significantly grow their operations and are five percentage points less likely to default within three years after the start of the program. These program impacts are not spatially uniform. Instead, banks use the program strategically to increase market shares in districts where they lag their competitors.

This seminar series is jointly organized by the IFS, STICERD, and UCL.

IFS/STICERD/UCL Development Economics Work In Progress seminars are held on Thursdays in term time at 10:00-14:00, at the IFS, unless specified otherwise.

Seminar organisers: Oriana Bandiera (STICERD, LSE), Imran Rasul (UCL), Britta Augsburg (IFS) and Jonathan Weigel (LSE).

For further information please contact Lubala Chibwe, either by email: l.chibwe@lse.ac.uk.

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