Scaling Financial Education Among Micro-Entrepreneurs: A Randomized Saturation Experiment

Jana S. Hamdan, Tim Kaiser, Lukas Menkhoff and Yuanwei Xu

No 11431, CESifo Working Paper Series from CESifo

Abstract: We study the effects of scaling up a financial- and business education program in a randomized saturation experiment in Uganda. We randomly assign the program at the cluster-level, and then randomize the share of treated individuals within treated clusters. 15 months later, we find that treated entrepreneurs are more likely to use mobile money savings accounts and payments, increase their mobile money and bank savings at the intensive and extensive margins, and invest more. We find little evidence of spillovers on untreated peers, but as the share of treated entrepreneurs increases, beneficial effects on the treated decline.

Keywords: scaling; business training; financial literacy; micro-entrepreneurs; mobile money; spillover effects; saturation effects (search for similar items in EconPapers)
JEL-codes: C93 D14 G53 O12 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-ban, nep-ent, nep-exp, nep-fle, nep-inv and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_11431

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