Abstract:
:We present results from a study in the Democratic Republic of the Congo that uses mobile money networks to run rotating savings and credit associations (ROSCAs), peer-to-peer finance groups ubiquitous across the developing world. We find high rates of contribution and ROSCA success. The unexpected success of such e-ROSCAs and their potential to extend banking to the bankless poor necessitate further exploration.
journal_name
Sci Advjournal_title
Science advancesauthors
Francois P,Squires Mdoi
10.1126/sciadv.abc5831subject
Has Abstractpub_date
2021-01-01 00:00:00issue
1issn
2375-2548pii
7/1/eabc5831journal_volume
7pub_type
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