NBER WORKING PAPER SERIES HOPING TO WIN, EXPECTED TO LOSE: THEORY AND LESSONS ON MICRO ENTERPRISE DEVELOPMENT

for project management and research assistance, and the field staff at Innovations for Poverty Action for survey management. The authors thank the Ernst & Young Ghana office for their collaboration, including subsidizing the consulting rates. The authors retained full intellectual freedom to report the results throughout the study. All opinions herein are our own and not those of any of the donors or partners. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications