Journal of Undergraduate Research
Keywords
micro savings, Uganda, saving rates, credit terms, financial institutions
College
Family, Home, and Social Sciences
Department
Political Science
Abstract
Uganda has one of the lowest savings rates among sub-Saharan countries, which tend to have the lowest savings rates in the world. Between 2002 and 2008 the private savings average was at 14.6% compared to the African average of 22.1% (African Development Bank). Low savings rates have a negative impact on the rural poor, who face the worst credit terms and have the least access to credible financial institutions.
Recommended Citation
Beck, Austin; Grayson, Brady; and Nielson, Dr. Daniel
(2013)
"Microsavings: Barriers to Saving Learned from an Experiment in Uganda,"
Journal of Undergraduate Research: Vol. 2013:
Iss.
1, Article 414.
Available at:
https://scholarsarchive.byu.edu/jur/vol2013/iss1/414