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on Microfinance |
| By: | Batista, Catia (Nova School of Business and Economics); Sequeira, Sandra (London School of Economics); Vicente, Pedro C. (Universidade Nova de Lisboa) |
| Abstract: | We examine the impact of providing access to mobile savings accounts and improving financial management skills on the performance of female-led microenterprises in Mozambique. We find evidence that both interventions can improve business performance but the effects are highly heterogeneous. Combining both types of support is associated with a large increase in both short and long-term firm profits and in financial security for the microentrepreneur. This allowed female-headed microenterprises, particularly those with a higher baseline level of profits, to close the gender profit gap in performance and skills relative to their male counterparts. The main drivers of improved business performance are improved financial management practices (bookkeeping), an increase in accessible savings, and reduced transfers to friends and relatives. For female entrepreneurs with intermediate levels of profits at baseline, even just providing access to mobile money accounts can increase long-term profits and for the most disadvantaged microentrepreneurs it can at least in-crease levels of financial security. Uncovering this heterogeneity in impact within different types of female-led microenterprises can help improve the targeting of these interventions in the future. |
| Keywords: | microenterprise development, management, gender, mobile money, financial literacy, economic development |
| JEL: | O15 O16 G53 J16 |
| Date: | 2021–10 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp14781&r= |
| By: | Ms. Kazuko Shirono; Mr. Hector Carcel Villanova; Esha Chhabra; Ms. Bidisha Das; Ms. Yingjie Fan |
| Abstract: | The rapid uptake of mobile money in recent years has generated new data needs and growing interest in understanding its impact on broad money. This paper reviews mobile money trends using mobile money data from the Financial Access Survey (FAS) and examines the statistical treatment of mobile money under the IMF’s Monetary and Financial Statistics (MFS) framework. MFS guidance is straightforward in most cases, as many jurisdictions have adopted regulations which ensure that mobile money is captured in the banking system and thus in the calculation of broad money. However, in cases where mobile network operators (MNOs) act as niche financial intermediaries outside the banking regulatory perimeter and are allowed to invest their customer funds in sovereign securities and other permitted assets, mobile money liabilities may remain outside the banking system as well as monetary statistics. In that case, information on mobile money liabilities need to be collected directly from MNOs to account for mobile money as part of broad money. |
| Keywords: | usage pattern; money account; customer funds; value chain; agent outlet; money issuer; measurement issue; monetary value; Mobile banking; Monetary base; Monetary statistics; Financial statistics; West Africa |
| Date: | 2021–07–01 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfwpa:2021/177&r= |
| By: | Parlasca, Martin; Johnen, Constantin; Qaim, Matin |
| Keywords: | Agricultural Finance |
| Date: | 2021–08 |
| URL: | http://d.repec.org/n?u=RePEc:ags:iaae21:315863&r= |
| By: | Hossain, Alamgir; Mohammad, Abdul Malek; Yu, Zhengfei |
| Keywords: | Agricultural Finance, Food Security and Poverty |
| Date: | 2021–08 |
| URL: | http://d.repec.org/n?u=RePEc:ags:iaae21:315057&r= |