... identifying the applicant from the population, then (2) identifying the selected from the applicants, and then (3) for the observed clients. Because of the selection process, the conditional mean of the ... describing the existence and workings of the bureau. Using this pairing of randomized and natural experiment, we find that the most powerful effect of new information in the hands of lenders ... groups of borrowers about the existence of the credit bureau and its implications for them, and with access to administrative data on client records from both the microfinance lender and the credit...