Evaluations

Researchers leveraged data from a randomized evaluation conducted by a large bank in Mexico to test the impact of varying credit card contract terms on loan default, card cancellation rates, and bank revenue for first-time formal sector borrowers. Variations in the interest rate and minimum payment...

Researchers tested the independent impact of two channels, social learning (when someone purchases an asset after a peer expresses a desire to purchase the same asset) and social utility (when someone feels he can gain more from an asset because his peer owns it), on financial decisions in Brazil...

Researchers evaluated the effect of social pressure to share income on farmers’ spending decisions by varying whether income from large cash prizes was received in a public or private setting. Receiving prize money in a public setting induced individuals to spend one-third more of their money in the...

The proliferation of mobile money across low- and middle-income countries has led to increased availability of mobile payment systems, which can potentially allow more flexible payment terms for customers. Subsidies increased the use of mechanized desludgings, while pre-paid deposit requirements had...

Financial access in South Africa has expanded rapidly in recent years and policymakers have identified financial education as a means to improve financial literacy and inclusion. To test this, researchers evaluated the impact of a financial literacy workshop on miners’ financial understanding...

Researchers examined the impact of access to banking services for the first time on households in rural Kenya. While savings account and credit usage rates were low overall because of poor service quality and low levels of trust in the institutions, access to the accounts helped some households rely...

Researchers investigated whether a financial literacy program improved financial knowledge and practices, and increased financial service use among low-income individuals in South Africa. Offering a training improved knowledge about budgeting, increased self-reported savings, and reduced loan...

Researchers in Chile compared the effects of self-help peer groups and text-message feedback on entrepreneurs’ ability to make regular deposits into a savings account. Receiving feedback by text message increased savings by almost as much as being a member of a self-help group, suggesting that the...