Journal article
Interest rates in savings groups: Thrift or threat?
- Abstract:
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Savings group (SG) models are praised for achieving financial inclusion for the poorest at a very low cost. Promoted by international NGOs, SG models are inspired by indigenous savings and credit associations (ROSCAs). SG models however differ in that they prescribe lending the pooled savings to group members for an interest. The interest rate aims to (1) boost capital accumulation, (2) allocate scarce capital efficiently, and (3) remunerate and incentivize savers.
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- Publication status:
- Published
- Peer review status:
- Peer reviewed
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- Files:
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(Accepted manuscript, pdf, 627.2KB)
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- Publisher copy:
- 10.1016/j.worlddev.2017.09.001
Authors
Bibliographic Details
- Publisher:
- Elsevier Publisher's website
- Journal:
- World Development Journal website
- Volume:
- 101
- Pages:
- 162-172
- Publication date:
- 2017-09-29
- Acceptance date:
- 2017-09-03
- DOI:
- EISSN:
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1873-5991
- ISSN:
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0305-750X
Item Description
- Keywords:
- Pubs id:
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pubs:725050
- UUID:
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uuid:c8c0c0e6-7108-43b8-aaeb-48e973c019df
- Local pid:
- pubs:725050
- Source identifiers:
-
725050
- Deposit date:
- 2017-09-04
Terms of use
- Copyright holder:
- Elsevier
- Copyright date:
- 2017
- Notes:
- © 2017 Elsevier Ltd. All rights reserved. This is the accepted manuscript version of the article. The final version is available online from Elsevier at: https://doi.org/10.1016/j.worlddev.2017.09.001
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