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Evaluation
The Impact of Credit Scores on Lending in Colombia
Researchers used a randomized evaluation to measure the impact of introducing credit scores on lending to small enterprises in Colombia. The adoption of credit scores increased productivity in the loan approval process and improved credit allocation.
Evaluation
Using Behavioral Economics to Help Individuals Reduce Debt in the United States
Researchers designed and piloted a program called Borrow Less Tomorrow (BoLT) that took a behavioral approach to debt reduction, combining an accelerated loan repayment schedule with peer support and reminders. Results from a sample of free tax-preparation clients in Tulsa, United States suggest a strong demand for debt reduction: 41 percent of those offered BoLT used it to make a plan to accelerate debt repayment. The results also offer suggestive evidence that the BoLT package reduced credit card debt.
Evaluation
Financial Trust Workshops to Encourage Savings Behaviors in Peru
Researchers conducted a randomized evaluation in rural Peru to assess the impact of providing a workshop designed to foster trust in banks on participants’ levels of trust, financial literacy, and saving and account use patterns of cash transfer recipients. Overall, participants who were offered the financial trust workshop demonstrated higher levels of trust in financial institutions and raised savings levels.
Evaluation
The Impact of Offering Free ATM Cards to Couples in Kenya
In partnership with Family Bank of Kenya, researchers evaluated the impact of providing free ATM card to couples on savings account use. Providing ATM cards significantly increased the use of savings accounts owned by men and joint accounts on average, but had no effect on accounts owned by women or men that had less bargaining power than their spouses.
Evaluation
The Impact of Role Models on Parental Aspirations and Investments in Children's Education in Ethiopia
Researchers conducted a randomized evaluation to test whether exposing people to a documentary featuring potential role models impacted parents’ educational aspirations for their children or their actual investments in education, and if these impacts varied by gender. Exposing families to the documentary increased parental aspirations for educational attainment as well as investments in education, but it did not close the gender gap for either.
Evaluation
Interest Rate Subsidies and Savings Behavior in Kenya
A randomized evaluation in rural Kenya found that offering higher short-term interest rates on a savings account substantially increased bank account use two and a half years for after the promotional rate ended. Offering the interest rate promotion on individual bank accounts also increased household income via growth in entrepreneurship, while offering the promotion on joint bank accounts increased investment in household goods and led to greater spousal agreement on financial matters.