The Debt Puzzle in Dhakaas Slums: Do Poor People Co-Hold for Liquidity Needs?

Two Sides of the Same Rupee? Comparing Demand for Microcredit and Microsaving in a Framed Field Experiment in Rural Pakistan

“…Formal organisations sometimes play a similar role. Most prominently, the NGO Safe Save provides ‘passbook savings’ accounts, in which clients may make deposits and withdrawals at their house when a collector calls each day (Armendáriz de Aghion and Morduch, ; Dehejia et al ., ; Islam et al ., ; Laureti, ) . Similarly, Ashraf et al .…”

“…First, we introduce a new experimental design which, to our knowledge, is the first to allow a direct test between demand for microsaving and demand for microcredit. Second, our design generates new empirical results showing that the same respondent population has high demand for both microcredit and microsaving (Gross and Souleles, ; Collins et al ., ; Morduch, ; Kast and Pomeranz, ; Laureti, ). Indeed, the same individuals often take up either contracts within the span of a couple of weeks.…”