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Ashok Kotwal
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On the evening of 8 November, the Prime Minister announced on national television that Rs. ... read on »
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Tag: Sri Lanka

How doorstep banking increased savings and income in Sri Lanka
Michael Callen , Suresh de Mel , Craig McIntosh , Christopher Woodruff
Posted on: 30 Mar 2016

Recent findings in development economics indicate that microloans are likely to perform best when accompanied by financial education, insurance, and savings products. This column presents evidence from an experiment in Sri Lanka, which involved offering saving accounts with door-to-door deposit collection services to otherwise unbanked rural households. It suggests that the programme incentivised participants to increase savings by increasing their income.
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