NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by Sarah Green

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May 2014Challenges in Banking the Rural Poor: Evidence from Kenya's Western Province
with Pascaline Dupas, Anthony Keats, Jonathan Robinson
in African Successes: Modernization and Development, Sebastian Edwards, Simon Johnson, and David N. Weil, editors
February 2012Challenges in Banking the Rural Poor: Evidence from Kenya's Western Province
with Pascaline Dupas, Anthony Keats, Jonathan Robinson: w17851
Most people in rural Africa do not have bank accounts. In this paper, we combine experimental and survey evidence from Western Kenya to document some of the supply and demand factors behind such low levels of financial inclusion. Our experiment had two parts. In the first part, we waived the fixed cost of opening a basic savings account at a local bank for a random subset of individuals who were initially unbanked. While 63% of people opened an account, only 18% actively used it. Survey evidence suggests that the main reasons people did not begin saving in their bank accounts are that: (1) they do not trust the bank, (2) service is unreliable, and (3) withdrawal fees are prohibitively expensive. In the second part of the experiment, we provided information on local credit options and lower...

Contact and additional information for this authorAll papers and publicationsWorking Papers onlyWorking Papers with publication info

 
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