Testing savings product innovations using an experimental methodology. 6

By: Ashraf, Nava. 4 0 16, [, ] | [, ] |
Contributor(s): 5 6 [] |
Language: Unknown language code Summary language: Unknown language code Original language: Unknown language code Series: ERD Technical Note Series; Manila : Asian Development Bank, 200346Edition: Description: Content type: text Media type: 2 Carrier type: volumeISBN: ISSN: 2Other title: 6 []Uniform titles: | | Related works: 1 40 Karlan, Dean S.;Yin, Wesley. 6 []Subject(s): -- 2 -- 0 -- -- | -- 2 -- 0 -- 6 -- | 2 0 -- | -- -- 20 -- | | -- -- Microfinance. -- -- 20 -- | -- -- -- 20 -- --Genre/Form: -- 2 -- Additional physical formats: DDC classification: | LOC classification: | | 2Other classification:
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Periodicals HC411.A1.Ec74.2003 (Browse shelf) Available PER 1508T
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ABSTRACT : This paper advocates a rigorous, scientific approach to the evaluation of innovations in micro-savings products. Such rigorous, randomized evaluations can help microfinance institutions (MFIs) have a clearer sense of why certain products are successful while others are not, and can help researchers and policymakers investigate the mechanisms and incentives involved with successful savings mobilization. However, randomized evaluation designs are not for all MFIs, as they involve a large degree of planning and resources. This paper describes what is involved in carrying out a randomized evaluation design once a savings product has been developed, and how to design and implement appropriate survey instruments to analyze accurately the welfare impact of savings innovations. The paper is intended to serve as a technical guide for the use by administrators of MFI's, and by collaborative external agency staff sharing an interest in microsavings product development. 56

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