Michael Callen

Doorstep banking in rural Sri Lanka increases customer savings … and income

Doorstep banking in rural Sri Lanka increases customer savings … and income

February 3, 2015

By Michael Callen, Suresh de Mel, Craig Macintosh, Christopher Woodruff - VoxEU

Recent findings in development economics indicate that microloans are likely to perform best when accompanied by financial education, insurance, and savings products. This column presents evidence from a natural experiment in Sri Lanka, which involved door-to-door collection services among rural households.