Malawi
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Increasing the Demand for Education With Unconditional Cash Transfers
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Sub-Saharan Africa hosts the majority of the 124 million children not enrolled in school across the globe. Education plays a key role in improving individual and social well-being, but high poverty impedes access to quality education. This cycle of poverty can be broken by reducing the burden of the financial…
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The Economic Impact of Frugality: Evidence from Tobacco Farmers in Malawi
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Tobacco farmers in Malawi were offered a direct-deposit savings account, which yielded significant positive impacts on their financial behavior and increases in their agricultural outputs. These results suggest a potential driver for economic growth and poverty reduction in the region.
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Finance for Social Good: Are Microloans Truly Empowering the Impoverished?
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An experiment in rural Morocco finds that economic gains from access to microfinance are highly variable, and there are no significant indirect impacts on the status of women and children.