by Aishwarya Lakshmi Ratan and Beniamino Savonitto
Does microcredit for the average poor borrower lead to welfare improvement through business investment, or does it fuel consumption and lead to cycles of high-cost debt? What is the best way to support the accumulation of savings for particular life goals like retirement, the education of one’s children, and financing lump sum investments in housing improvements and preventative healthcare? What types of information or training programs are most effective in enabling the poor to take sound financial decisions around their choice and usage of financial products?
Continuing CGAP’s blog series on practitioners’ takes on our Impact and Policy Conference in Bangkok, Gordon Cooper, head of Emerging Market Solutions at Visa shares his perspective. There to moderate a panel on financial inclusion, he talks about what it was like to come from the private sector into a room full of academic researchers: