BREAD Working Paper No. 605, February 2022

Is Digital Credit Filling a Hole or Digging a Hole? Evidence from Malawi   Valentina Brailovskaya, Pascaline Dupas and Jonathan Robinson   Abstract Digital credit has expanded rapidly in Africa, mostly in the form of short-term, high-interest loans offered via mobile money. Loan terms are often opaque and consumer financial literacy is low, providing opportunities […]