Commitment Savings Accounts in Malawi

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dc.creatorInternational Finance Corporation
dc.date2015-04-02T21:12:45Z
dc.date2015-04-02T21:12:45Z
dc.date2015-03
dc.date.accessioned2026-07-01T00:44:31Z
dc.descriptionMalawi s economy is heavily dependent on agriculture, especially tobacco, which comprises a majority of the country s exports. Tobacco farmers have one harvest a year, and while their income stream occurs over several months it must last them for the entire year, making it difficult to smooth consumption throughout the year. The objective of this case study is to present the design and implementation of a commitment savings product for groups of tobacco farmers in Malawi. The product was successful in encouraging savings, increasing input purchases and yields for the next year s harvest, and increasing consumption after the harvest. The following sections describe the lack of formal savings options for rural farmers, the behavioral concept behind commitment savings accounts, the product designed to address these problems and subsequent changes to the original design, results of a field experiment evaluating the product, and lessons learned for other commitment savings products.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2015/03/24158205/commitment-savings-accounts-malawi-product-design-case-study
dc.identifierhttps://hdl.handle.net/10986/21681
dc.identifierhttps://doi.org/10.1596/21681
dc.identifier.urihttp://hdl.handle.net/123456789/410241
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.rightsInternational Finance Corporation
dc.subjectACCESS TO FINANCE
dc.subjectACCESS TO FUNDS
dc.subjectACCESSIBILITY
dc.subjectADVISORY SERVICES
dc.subjectAFFILIATES
dc.subjectAPPROVAL PROCESS
dc.subjectAUCTION
dc.subjectAUCTIONS
dc.subjectBANKING SERVICES
dc.subjectBANKING SYSTEM
dc.subjectBANKS
dc.subjectBARRIER
dc.subjectCLUB ACCOUNTS
dc.subjectCOOPERATIVES
dc.subjectCREDIT ASSOCIATIONS
dc.subjectDEBT
dc.subjectDELIVERY MECHANISM
dc.subjectDEPOSIT ACCOUNT
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT BANK
dc.subjectDIRECT DEPOSIT
dc.subjectDISTRIBUTION SYSTEM
dc.subjectEMPLOYEE
dc.subjectFARMER
dc.subjectFARMERS
dc.subjectFINANCIAL ACCESS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL SERVICES
dc.subjectFIXED DEPOSIT
dc.subjectFLOW OF FUNDS
dc.subjectFORMAL BANKING
dc.subjectFORMAL SAVING
dc.subjectFORMAL SAVINGS
dc.subjectFUNDS FLOW
dc.subjectGROUP ACCOUNT
dc.subjectGROUP LOANS
dc.subjectHIGH INTEREST RATES
dc.subjectINCOME
dc.subjectINDIVIDUAL ACCOUNTS
dc.subjectINFORMAL INSURANCE
dc.subjectINTERNATIONAL BANK
dc.subjectJOINT LIABILITY
dc.subjectLACK OF ACCESS
dc.subjectLOAN
dc.subjectLOCAL FARMERS
dc.subjectLOTTERIES
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE LOANS
dc.subjectMOBILE BANKING
dc.subjectNET SAVINGS
dc.subjectNEW PRODUCT
dc.subjectNEW PRODUCTS
dc.subjectNUTRITION
dc.subjectOUTREACH
dc.subjectPENSION
dc.subjectPENSION SYSTEM
dc.subjectPOLITICAL ECONOMY
dc.subjectPOOR
dc.subjectPROFITABILITY
dc.subjectRATE OF RETURN
dc.subjectRATES OF INTEREST
dc.subjectREPAYMENT
dc.subjectRETIREMENT
dc.subjectRETIREMENT SAVINGS
dc.subjectRURAL
dc.subjectRURAL AREAS
dc.subjectRURAL FARMERS
dc.subjectSAFETY
dc.subjectSAVINGS
dc.subjectSAVINGS ACCOUNT
dc.subjectSAVINGS ACCOUNTS
dc.subjectSAVINGS PRODUCT
dc.subjectSAVINGS PRODUCTS
dc.subjectSMALL FARMERS
dc.subjectSMART CARD
dc.subjectSOCIAL NETWORKS
dc.subjectUNSTABLE INCOMES
dc.subjectVILLAGE
dc.titleCommitment Savings Accounts in Malawi
dc.titleA Product Design Case Study
dc.typeWorking Paper
dc.typeDocument de travail
dc.typeDocumento de trabajo

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