Digital credit in Kenya has become a tool for households and small businesses to manage their day-to-day expenses, but concerns have been raised regarding rising household debt levels and defaults.  In this project, IPA will collaborate with the Digital Lenders Association of Kenya (DLAK) to analyze credit data with a new information sharing system and measure the system’s effects on issues such as multiple lending, loan screening, and defaults.

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The global spread of COVID-19 and associated shelter-in-place orders have increased economic stress and intimate partner violence (IPV).[1] To tackle this challenge, researchers have partnered in Colombia with IPA, Fundación Capital and Comfama to evaluate the impact of an interactive WhatsApp

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Cash assistance in emergency settings has been shown to assist recipients in mitigating resulting economic fallout, for example through increased food security. The VAT Compensation, a new unconditional cash transfer in Colombia, will assist 1 million low-income households in navigating the economic crisis as a result of the COVID-19 pandemic.

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Saving for the future tends to be particularly challenging in developing country contexts, where many people lack access to formal saving tools. Researchers partnered with a tea company in Malawi to study the effects of a savings product that allowed workers to defer payment of a part of their wages. The deferred wages program was generally popular and increased savings; in the longer run, it helped workers improve their houses.

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People often report wanting to save more money than they actually do, and rigorous evidence has shown that simple reminders to save can be effective at helping people save more. Researchers working with IPA carried out evaluations in Ghana, Peru, the Philippines, and the Dominican Republic to build the evidence base about text-message reminders to save. In the Philippines, the research team worked with BanKO to evaluate the impact of behaviorally targeted text messages on savings behavior.

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People often report wanting to save more money than they actually do, and rigorous evidence has shown that simple reminders to save can be effective at helping people save more. Researchers working with IPA carried out evaluations in Ghana, Peru, the Philippines, and the Dominican Republic to build the evidence base about text-message reminders to save.

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People often report wanting to save more money than they actually do, and rigorous evidence has shown that simple reminders to save can be effective at helping people save more. Researchers working with IPA carried out evaluations in Ghana, Peru, the Philippines, and the Dominican Republic to build the evidence base about text-message reminders to save. In Ghana, the research team worked with Fidelity Bank to evaluate the impact of behaviorally targeted text messages on savings behavior.

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Digitizing government cash transfers may boost usage of formal financial services among vulnerable households and women’s economic empowerment, but poor delivery of these digital transfers could increase the risks that beneficiaries face.

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Uganda has made substantial advancements in financial consumer protection policy in recent years but understanding whether and how the financial sector complies with these new regulations can be a challenge.

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Payday loans—small short-term loans with high interest rates that become due at the time of the borrower’s next paycheck—are a common form of lending to people with low incomes in the United States. Do borrowers taking out these loans make rational decisions, or do they borrow more than they expect or would like to in the long run?

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In Uganda, rural households face challenges in ensuring that children attend school due to high school fees and a mismatch in the timing of when fees are due and when income is earned. Researchers are evaluating the impact of a digital school fee loan, with and without a direct repayment incentive, on repayment rates, households’ well-being, and students’ educational outcomes.

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Saving for multiple goals at the same time is difficult, especially for individuals without access to formal bank accounts. In Malawi, researchers offered micro-entrepreneurs either single or multiple lockboxes to evaluate the impact of the boxes on savings and other business and financial outcomes. Individuals offered multiple lockboxes saved more than those offered a single lockbox, suggesting that providing lockboxes may be a cost-effective way to promote savings.

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In Mexico, as in many other countries, retirement savings levels are low. The situation is worse for informal workers and the unemployed, who cannot rely on employer contributions to help build their nest eggs.

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Photo Credit: Colpensiones

In Colombia, as in many other countries, workers face many barriers to saving for retirement. The situation is much worse for informal workers, who make up about 65 percent of the total workforce in Colombia.

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Inadequate nourishment in the first years of life can impair children’s physical and cognitive development, with long-term consequences on their earnings and productivity. In Myanmar, which has one of the highest rates of stunting in the Asia-Pacific region, IPA worked with researchers to evaluate the impact of cash transfers to mothers––both with and without social and behavioral change communication (SBCC) ––on determinants and indicators of child malnutrition.

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