Problem
1. List the potential economic, cultural, and psychological impacts of microfinance.
2. Explain the potential effects of microfinance on the economics of the household.
3. Explain at least three different reasons as to why there might be selection biases when trying to measure the impact of microfinance.
4. The most recent trend in program evaluation is the Randomized Control Trial (RCT) methodology, which solves the selection bias problems discussed in question 3. Explain how RCTs overcome selection bias.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.