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Unlocking the Benefits of Credit through Saving / Sanghamitra W. Mukherjee, Lauren F. Bergquist, Marshall Burke, Edward Miguel.
- Format:
- Book
- Author/Creator:
- Mukherjee, Sanghamitra W.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w29542.
- NBER working paper series no. w29542
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2021.
- Summary:
- Access to microcredit has been shown to generate only modest average benefits for recipient households. We study whether other financial market frictions--in particular, lack of access to a safe place to save--might limit credit's benefits. Working with Kenyan farmers, we cross-randomize access to a simple savings product with a harvest-time loan. Among farmers offered a loan, the additional offer of a savings lockbox increased farm investment by 11% and household consumption by 7%. Results suggest that financial market frictions can interact in important ways and that multifaceted financial access programs might unlock dynamic household gains.
- Notes:
- Print version record
- December 2021.
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