Small, Growing Businesses and Employment

The Importance of Hold-Up in Contracting: Evidence From a Field Experiment

This study explores how the relationship specificity of an investment affects the ex-ante structure of contracts and the ex-post resolution of an ensuing hold-up problem.


Do Flexible Repayment Schedules Improve the Impact of Microcredit? Evidence from Rural India

An evaluation that studies the effects of flexible repayment schedules on borrowers’ investment level, consumption, and loan default in the dairy industry in India.


What Determines Entrepreneurial Success — A Psychometric Study of Rural Entrepreneurs in India

This study examines the determinants of entrepreneurial success by studying the characteristics of rural kiosk operators, to identify and provide a model for the selection strategy of rural entrepreneurs.


Evaluation of Hyderabad’s Pharmaceutical Drugs Cluster

An assessment of solvent loss via air, effluents and technology diffusion in the pharmaceutical cluster in Hyderabad.


Credit Scoring Model for Registered Chit Fund Users

An analysis of how existing information on clients of Chit Funds can be used to predict their creditworthiness and savings/borrowing needs.


Markers of Trust: Recreating Digital Ecosystems for Women in Low-income Clusters

Shilpa Pandit

This learning note presents insights on the key aspects for designing a more inclusive and enabling digital ecosystem for women from low-income households, based on immersive qualitative research. The study focused on four different segments of female micro-entrepreneurs and self-employed workers – old clothes vendors, bangle makers, tie & dye workers, and domestic workers. 

Digitizing Micro-merchant Ecosystems – Supply Chains


This report presents insights from a series of experiments that explore the potential of digitizing payments within dairy, pharma and FMCG supply chains. The experiments were conducted as part of Catalyst’s digital payments lab in Jaipur, Rajasthan. 

Digitizing Micro-merchant Ecosystems – Roving Service Providers


This report presents insights from Catalyst’s survey of roving service providers in Jaipur. It highlights pain points that this segment of micromerchants faced in adopting and using digital payments, and presents tailored strategies to enable digitisation. 

Digitizing Micro-merchant Ecosystems – Fixed Stores


This report presents insights from Catalyst’s survey of fixed-store establishments in Jaipur. It highlights pain points that micromerchants face in digitising their financial and business transactions, and presents strategies to enable digitisation grounded based on human-centred design.

Testing IVRS as a Tool to Promote Digital Payment Adoption Among Micro and Small Merchants


This field story presents learnings from a study which tested a dedicated Interactive Voice Response System (IVRS) platform to spread awareness about digital payments among small merchants.