Linking mobile money networks to "e-ROSCAs": An experimental study.
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Where this comes from
- Record sourced from PubMed, PMID 33523840.
- Also identified by DOI 10.1126/sciadv.abc5831 and PMC identifier 7775776.
- Licence recorded as CC BY.
- The licence permits redistribution, so the abstract is shown in full and the full text is available from the publisher.
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.