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In “the text message capital of the world,” the Philippines, researchers tested the effect of text message reminders on client repayment rates. In contrast with previous research, they found that text message reminders did not increase repayment on average. Yet for repeat borrowers, who had known...

Researchers evaluated whether randomly providing financial support for secondary education could improve economic decision-making in addition to educational outcomes for secondary school students in Malawi. Results show that the intervention improved educational outcomes and economic decision-making...

Researchers evaluated the expansion of a rural financial services provider in Tamil Nadu, India in order to understand how access to financial services, information, and exposure to risk affect technology adoption and well-being among farming households.

Researchers provided payday borrowers in the United States information about the true costs of payday loans in order to find out whether they would respond by changing their demand for the product. Better informed individuals reduced their demand significantly, suggesting that getting consumers to...

Researchers ran a large randomized credit information training program that described the existence and workings of the bureau to the clients of this lender. The results indicate that the credit bureau generated large efficiency gains for the lender, and that these gains were augmented when...

In Afghanistan, researchers evaluated the impact of a Targeting the Ultra Poor program on poverty reduction. The cost-effective program generated large positive impacts for women participants across key outcomes: consumption, assets, psychological well-being, total time spent working, financial...