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on Microfinance |
| By: | Janina Isabel Steinert; Lucie Dale Cluver; Franziska Meinck; Jenny Doubt; Sebastian Vollmer |
| Abstract: | Using data from a randomized field experiment with 552 households in South Africa, we examine the impact of a financial literacy and savings training that was integrated into a broader psychosocial parenting intervention. We document significant improvements in financial behaviors, including higher savings and lower borrowing rates. We also see wider implications for household economic welfare, expressed in reduced financial distress, better resilience to economic shocks, and a greater capacity to securing basic needs. We further find that program effects are non-differential for ultra poor participants and tend to be higher for those who reside in rural locations and live without a male partner or spouse. Overall, our findings suggest that "hybrid" program curricula that offer combinations of financial and psychosocial components might be more successful than stand-alone financial literacy training. |
| Keywords: | Financial Literacy; Saving; Parenting; RCT; South Africa |
| JEL: | D14 D91 I31 O12 O16 |
| Date: | 2017 |
| URL: | http://d.repec.org/n?u=RePEc:csa:wpaper:2017-11&r=mfd |
| By: | Tweneboah Senzu, Emmanuel |
| Abstract: | The paper strive to empirically deduce the exact contribution of Savings & Loans companies to Ghana’s economy, and further analyze the extent of it economic impact as against the challenges faced by the industry in support of the development of the financial system in Ghana |
| Keywords: | Savings & Loans, Financial System of Ghana, Micro-finance Institutions, Banking, Informal Economy, Bank of Ghana |
| JEL: | G21 G23 G28 |
| Date: | 2017–08–09 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:80708&r=mfd |
| By: | Asongu, Simplice; Asongu, Ndemaze |
| Abstract: | Purpose- We respond to some challenges in the transition to Sustainable Development Goals by examining the correlations between mobile and inclusive development (quality of growth, poverty and inequality) in 93 developing countries for the year 2011. Design/methodology/approach- Mobile money service entails: ‘mobile used to pay bills’ and ‘mobile used to receive/send money’. Interactive Ordinary Least Squares are employed. Findings- The following findings are established. First, increasing use of the mobile phones to pay bills: is positively linked to ‘quality of growth’ in lower-middle income countries (LMIC) and negatively correlated with inequality in Latin American countries (LA). Second, growing use of mobile phones to send/receive money is negatively associated with poverty in Asia and Pacific (AP) and Central and Eastern Europe (CEE). Originality/value- Macroeconomic data on mobile money service is scarce. No study to the best of our knowledge has used this macroeconomic mobile money service data before. |
| Keywords: | Mobile money services, Quality of growth, poverty, inequality |
| JEL: | G20 I10 I20 I32 O40 |
| Date: | 2017–01 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:80648&r=mfd |