Evaluation
Researchers partnered with Banco Agrícola to conduct a randomized evaluation that offered a way for Salvadoran migrants to directly channel some fraction of their remittances into savings accounts in El Salvador. Results indicate that a desire for control over remittance uses—in particular the fraction that is saved in formal savings accounts—was large, and had significant influence on migrants’ financial decision making. The intervention also led to a large in savings, both in the partner bank and elsewhere.