1 option
Fintech and Household Resilience to Shocks: Evidence from Digital Loans in Kenya / Prashant Bharadwaj, William Jack, Tavneet Suri.
- Format:
- Book
- Author/Creator:
- Bharadwaj, Prashant.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w25604.
- NBER working paper series no. w25604
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Fintech and Household Resilience to Shocks
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2019.
- Summary:
- Developing country lenders are taking advantage of fintech tools to create fully digital loans on mobile phones. Using administrative and survey data, we study the take up and impacts of one of the most popular digital loan products in the world, M-Shwari in Kenya. While 34% of those eligible for a loan take it, the loan does not substitute for other credit. The loans improve household resilience: households are 6.3 percentage points less likely to forego expenses due to negative shocks. We conclude that while digital loans improve financial access and resilience, they are not a panacea for greater credit market failures.
- Notes:
- Print version record
- February 2019.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.