Working with a private bank in Ghana, this study examines the impacts of a commitment savings product designed to help clients taking repeated overdrafts break their debt cycles. Overall, the product significantly increased savings with the bank without increasing overdrafts. However, after accounting for other sources of savings, the study finds that clients with above-median baseline overdraft histories do not accrue new savings during the commitment...
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INFORMACIÓN
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2018/10/31
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS8633
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1
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1
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2018/10/31
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Disclosed
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The Limits of Commitment: Who Benefits from Illiquid Savings Products?
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real cost of credit