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Assessing the insurance role of microsavings

Author

Listed:
  • David Hulme
  • Karen Moore
  • Armando Barrientos

Abstract

The paper contends that more attention should be paid to micro savings in view of multiple ways in which it can help poor to deal with economic insecurity. The paper presents information to show that while microsaving programs have spread, their full potential is far from being realized. It presents a detailed analysis on the basis of data from a selection of micro savings programs to show how savings help the poor to smooth consumption and undertake investment. The paper urges for a strong campaign to popularise micro saving programs.

Suggested Citation

  • David Hulme & Karen Moore & Armando Barrientos, 2009. "Assessing the insurance role of microsavings," Working Papers 83, United Nations, Department of Economics and Social Affairs.
    • Handle: RePEc:une:wpaper:83
    as

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    File URL: http://www.un.org/esa/desa/papers/2009/wp83_2009.pdf
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    References listed on IDEAS

    as
    1. Zeller, Manfred & Sharma, Manohar, 2000. "Many borrow, more save, and all insure: implications for food and micro-finance policy," Food Policy, Elsevier, vol. 25(2), pages 143-167, April.
    2. Marguerite S. Robinson, 2002. "The Microfinance Revolution : Volume 2. Lessons from Indonesia," World Bank Publications - Books, The World Bank Group, number 14254, April.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Yeboah, Augustine Kwadwo & Obeng, Camara Kwasi, 2016. "Effect of financial literacy on willingness to pay for micro-insurance by commercial market business operators in Ghana," MPRA Paper 70135, University Library of Munich, Germany.
    2. Serge Ky & Clovis Rugemintwari & Alain Sauviat, 2018. "Does Mobile Money Affect Saving Behaviour? Evidence from a Developing Country," Journal of African Economies, Centre for the Study of African Economies, vol. 27(3), pages 285-320.
    3. Koen Rossel-Cambier, 2011. "Is Combined Microfinance an Instrument to enhance Sustainable Pro-Poor Public Policy Outcomes?," Working Papers CEB 11-013, ULB -- Universite Libre de Bruxelles.

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    More about this item

    Keywords

    Economic insecurity; Micro credit; Micro insurance; Micro savings; Micro finance institutions; Poverty;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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