Decentralized delivery of financial education : evidence from a country-wide field experiment / Emmanuel Hakizimfura, Douglas Randall, Bilal Zia
Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: World Bank E-Library Archive | Policy research working paper ; 8521Publisher: Washington, D.C. : World Bank Group, Development Economics, Development Research Group & Finance, Competitiveness and Innovation Global Practice, July 2018Description: 1 Online-Ressource (circa 40 Seiten) : IllustrationenSubject(s): Genre/Form: Additional physical formats: Erscheint auch als: Decentralized Delivery of Financial Education: Evidence from a Country-Wide Field Experiment. Druck-Ausgabe Washington, D.C : The World Bank, 2018DOI: DOI: 10.1596/1813-9450-8521Online resources: Summary: Can financial education delivery be successfully decentralized? This paper studies a large-scale field experiment with 200 Savings and Credit Cooperative Associations (SACCOs) in Rwanda, and tests competing models of local financial education delivery. One-third of SACCOs, randomly selected, were invited to a comprehensive training-of-trainers (TOT) workshop and stipulated to send the SACCO manager, a loan officer, and a board member to be trained. Another one-third were invited to the same workshop, but allowed free selection of trainers. The latter resulted in significantly more community members and fewer loan officers being trained as trainers. Within a year, these trainers successfully disseminated content to 68,000 households, with higher session attendance in the autonomous selection group. Analysis from follow-up surveys finds stark differences in behavior change: recipients in the autonomous selection group show significant improvements in financial attitudes, rules of thumb, and planning, as well as budgeting and savings behaviors. In contrast, recipients in the fixed selection group show no significant improvements on any of the outcome measures. These results underscore the importance of community-led delivery of financial education programsPPN: PPN: 1031656715Package identifier: Produktsigel: ZDB-1-WBA | ZDB-110-WBONo physical items for this record
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