December 07, 2017
Kigali, Rwanda

Principal Investigator Doug Randall and Senior Research Associate Emmanuel Hakizimfura for the Financial Education through Savings and Credit Cooperatives (SACCOs) in Rwanda project shared preliminary results which showed very positive effects of training SACCO members on financial management, saving, budgeting and other aspects of financial literacy. However, no impacts were found on account usage, borrowing behavior, or financial security, highlighting the challenge of translating changes in knowledge and attitudes into behavioral change. The preliminary results brief is attached to this page, and a more technical paper with quantitative results is currently being drafted. One key highlight of the workshop is that the Director of Banking and Non-banking at the Ministry of Finance and Economic Planning recognized IPA as a "trustworthy and independent evaluator who will always tell the truth." The Ministry intends to follow up on these results by scaling up implementation of the training of SACCO members across the country. 


SACCOs Preliminary Results.pdf1.62 MB