Borrowing to Save: Perspectives from Portfolios of the PoorThis note describes simultaneous borrowing and saving, and it provides evidence highlighting an explanation rooted in difficulties re-building savings. The explanation suggests why high interest rates on loans may even be a desirable attribute for some borrowers.
Type:
Framing Note
Date:
August 2010
Authors:
Jonathan Morduch
Country:
Global
Research Areas:
Reimagining Financial Access
Themes:
Commitment Devices, Savings
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