Improving Financial Inclusion through Digital Savings and Credit
Name
pandp.20201084.pdf
Description
Published version
Size
500.9 KB
Format
Unknown
Checksum (MD5)
ad35c99b7208a232d189d4e49ee271e1
Author(s)
Bharadwaj, Prashant
Suri, Tavneet
Date Issued
May 2020
Journal
American Economic Association Papers and Proceedings
Publisher
American Economic Association
Citation
Bharadwaj, Prashant and Suri, Tavneet. 2020. "Improving Financial Inclusion through Digital Savings and Credit." American Economic Association Papers and Proceedings, 110.
Version
Final published version
Abstract
This paper examines the effects of promotions to increase participation in digital banking and improve financial inclusion. M-Shwari, Kenya's most popular digital banking platform, ran a promotion called Stawisha Na M-Shwari from mid-April 2016 to early June 2016. The promotion incentivized individuals to save and to repay loans. We find large and persistent effects of the promotion on loan-taking behavior. While savings ramp up during the promotional period, we do not see sustained increases in savings after the end of the promotion.
MIT Department
Sloan School of Management
Terms of Use
Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use.
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DOI of Published Version
https://doi.org/10.1257/pandp.20201084
