Tag Archives: Credit and savings

Mobile technologies in Africa

Sub-Saharan Africa has the lowest levels of infrastructure quality in the world. However, 80% of adults in Kenya, Ghana, Nigeria, and Senegal have a mobile phone, despite the fact that a large proportion of them live in poverty with no … Continue reading

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Banking in Africa: taking stock and looking forward

Banking in Africa has undergone dramatic changes over the past 20 years. While dominated by government-owned banks in the 1980s and subject to restrictive regulation – including interest rate ceilings and credit quotas – financial liberalization, institutional and regulatory upgrades … Continue reading

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A loan shark in sheep’s clothing? Is commercialization of microfinance bad for borrower welfare?

After years of positive media attention and a Nobel Peace Prize for Muhammad Yunus and Grameen Bank, it’s been hard to miss the recent controversy surrounding the microfinance industry. Critical media reports have highlighted the role of high interest rates … Continue reading

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Formal savings access and informal financial transactions

Social networks and the analysis of peer effects are a current hot topic across academic disciplines. The idea that a structure beyond our own direct scope and understanding, i.e. the social network we are embedded in, significantly influences how our … Continue reading

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