From Cash to Accounts
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World Bank, Washington, DC
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In Sub Saharan Africa women are often
not protecting their savings through formal devices but
instead keeping their savings in more vulnerable savings
options. After participating in a savings promotion
program, women are more likely to save in semi-formal
savings options. Participants moved their cash to
semi-formal saving options, such as ROSCAs, but did not go
as far as moving to regular bank accounts or other formal
savings options. The pilot identified subgroups that may be
especially receptive for informational savings campaigns.
Women who were illiterate or had been robbed or stolen from
in the past one and a half years show significant increases
in take-up of formal savings options after participating in
the program. The savings mobilization program resulted in
reallocation rather than accumulation of monetary wealth.
Palabras clave
DATA COLLECTION, BANK ACCOUNT, DEVELOPING COUNTRIES, INVESTMENTS, MICROFINANCE, DEVELOPMENT ORGANIZATION, FINANCIAL INSTITUTIONS, SAVINGS SERVICES, FINANCIAL SERVICES, RISKS, SAVINGS, SAVINGS MOBILIZATION, SAVINGS PROMOTION, FUTURE, SAVING, BANK, SAVINGS BEHAVIOR, BANK ACCOUNTS, SAVINGS ACCOUNT, WOMEN AND AGRICULTURE, GENDER INNOVATION LAB, AFRICA GENDER POLICY