Does group inclusion hurt financial inclusion? Evidence from ultra-poor members of Ugandan savings groups

• 成果类型: Article
• 署名作者: Burlando, Alfredo; Canidio, Andrea
• 署名单位: University of Oregon; INSEAD Business School
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2017.05.001
• 发表日期: 2017
• 页码: 24-48
• 关键词: Savings groups; VSLA; Financial inclusion; microfinance; Self-help groups

摘要

Millions of ultra-poor households in sub-Saharan Africa rely exclusively on savings groups to meet their financial needs. However, the ability of savings groups to fully meet these needs remains unclear. We randomize at the village level the proportion of ultra-poor members of newly-formed savings groups. We find that scarcity of loanable funds is more severe in poorer groups and affects disproportionately their poorest members. A trade-off emerges between the inclusion of ultra-poor households into a savings group and its ability to provide credit to these same ultra-poor households.