IDEAS home Printed from https://ideas.repec.org/a/mgs/ijmsba/v1y2015i10p19-33.html
   My bibliography  Save this article

Prospects of Saving Mobilization in Underserved Settlements of the City of Colombo

Author

Listed:
  • D.P.S. Chandrakumara

    (Senior Lecturer in Economics, University of Sri Jayewardenepura, Sri Lanka)

Abstract

The urban poor in Sri Lanka have been deserted by the financial institutions of the country. They have been undervalued and excluded from the banking sector since they live in underserved settlements. However, evidence from other countries proves that the urban poor can be successfully mobilized and included in the financial sectors as valuable customers of the banking institutions. Mobilizing the savings from them is the first step in such a process. Hence, the aim of this study is to identify the saving potential of the urban poor in Sri Lanka. The study was based on primary data collected by a questionnaire survey conducted in a sample of underserved settlements within the Colombo city limits. The study used descriptive statistics for analyzing the saving potential of the people. The study revealed that some people of these settlements already have financial links with compulsory and voluntary societies. Furthermore, a number of indicators of hidden and disguised savings could be found. Finally, the study found that savings can be mobilized from the urban poor if the formal institutions can approach them in a more responsive way with effective techniques.

Suggested Citation

  • D.P.S. Chandrakumara, 2015. "Prospects of Saving Mobilization in Underserved Settlements of the City of Colombo," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 1(10), pages 19-33, September.
    • Handle: RePEc:mgs:ijmsba:v:1:y:2015:i:10:p:19-33
    as

    Download full text from publisher

    File URL: http://researchleap.com/wp-content/uploads/2015/10/2.-Prospects-of-Saving-Mobilization-in-Underserved-Settlements-of-the-City-of-Columbo.pdf
    Download Restriction: no
    File URL: http://researchleap.com/prospects-of-saving-mobilization-in-underserved-settlements-of-the-city-of-colombo/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. World Bank, 2006. "World Development Indicators 2006," World Bank Publications - Books, The World Bank Group, number 8151, December.
    2. Jamil, Faisal & Ahmad, Eatzaz, 2011. "Income and price elasticities of electricity demand: Aggregate and sector-wise analyses," Energy Policy, Elsevier, vol. 39(9), pages 5519-5527, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jose Antonio Hernandez & Camilo Koch, 2015. "An Assessment of Energy Consumption and Price Responsiveness: Evidence from Dominican Republic," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 1(6), pages 81-87, May.
    2. Azevedo, Viviane & Bouillon, César P., 2009. "Social Mobility in Latin America: A Review of Existing Evidence," IDB Publications (Working Papers) 1656, Inter-American Development Bank.
    3. Nasreen, Samia & Anwar, Sofia & Ozturk, Ilhan, 2017. "Financial stability, energy consumption and environmental quality: Evidence from South Asian economies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 1105-1122.
    4. Russell S. Sobel & Nabamita Dutta & Sanjukta Roy, 2010. "Beyond Borders: Is Media Freedom Contagious?," Kyklos, Wiley Blackwell, vol. 63(1), pages 133-143, February.
    5. Cemal Eren Arbath & Quamral H. Ashraf & Oded Galor & Marc Klemp, 2018. "Diversity and Conflict," Working Papers 2018-6, Brown University, Department of Economics.
    6. Yamamura, Eiji & Andrés, Antonio R., 2011. "Does corruption affect suicide? Empirical evidence from OECD countries," MPRA Paper 31622, University Library of Munich, Germany.
    7. Aleksynska, Mariya & Tritah, Ahmed, 2013. "Occupation–education mismatch of immigrant workers in Europe: Context and policies," Economics of Education Review, Elsevier, vol. 36(C), pages 229-244.
    8. Jana Fritsch & Stefan Wegener & Gertrud Buchenrieder & Jarmila Curtiss & Sergio Gomez y Paloma, 2010. "Economic Prospects for Semi-subsistence Farm Households in EU New Member States," JRC Research Reports JRC58621, Joint Research Centre.
    9. John Curtis & Brian Stanley, 2016. "Analysing Residential Energy Demand: An Error Correction Demand System Approach for Ireland," The Economic and Social Review, Economic and Social Studies, vol. 47(2), pages 185-211.
    10. Isis Gaddis & Stephan Klasen, 2014. "Economic development, structural change, and women’s labor force participation:," Journal of Population Economics, Springer;European Society for Population Economics, vol. 27(3), pages 639-681, July.
    11. Martin Gassebner & Richard Jong‐A‐Pin & Jochen O. Mierau, 2011. "Terrorism And Cabinet Duration," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 52(4), pages 1253-1270, November.
    12. Bourdon, Jean & Frölich, Markus & Michaelowa, Katharina, 2007. "Teacher Shortages, Teacher Contracts and their Impact on Education in Africa," IZA Discussion Papers 2844, Institute of Labor Economics (IZA).
    13. Dang, Hai-Anh, 2007. "The determinants and impact of private tutoring classes in Vietnam," Economics of Education Review, Elsevier, vol. 26(6), pages 683-698, December.
    14. Lee Lian Ivy-Yap & Hussain Ali Bekhet, 2015. "Examining the Feedback Response of Residential Electricity Consumption towards Changes in its Determinants: Evidence from Malaysia," International Journal of Energy Economics and Policy, Econjournals, vol. 5(3), pages 772-781.
    15. Erdogdu, Erkan, 2007. "Nuclear power in open energy markets: A case study of Turkey," Energy Policy, Elsevier, vol. 35(5), pages 3061-3073, May.
    16. Abdulqadir, Idris A. & Asongu, Simplice A., 2022. "The asymmetric effect of internet access on economic growth in sub-Saharan Africa," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 44-61.
    17. Gebreeyesus, Mulu, 2009. "Inactions and Spikes of Investment in Ethiopian Manufacturing Firms: Empirical Evidence on Irreversibility and Non-convexities," MERIT Working Papers 2009-061, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    18. Lawn, Philip & Clarke, Matthew, 2010. "The end of economic growth? A contracting threshold hypothesis," Ecological Economics, Elsevier, vol. 69(11), pages 2213-2223, September.
    19. Despina Gavresi & Anastasia Litina & George Tsiachtsiras, 2022. "Railways and Roadways to Trust," Discussion Paper Series 2022_08, Department of Economics, University of Macedonia, revised Sep 2022.
    20. Lefèvre, Nicolas, 2010. "Measuring the energy security implications of fossil fuel resource concentration," Energy Policy, Elsevier, vol. 38(4), pages 1635-1644, April.

    More about this item

    Keywords

    Mobilization of savings; Underserved settlements; Financial institutions; The urban poor;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mgs:ijmsba:v:1:y:2015:i:10:p:19-33. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bojan Obrenovic (email available below). General contact details of provider: https://researchleap.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.