Cash In Cash Out: Financial Transactions and Access to Finance in Malawi
Jan 01, 2011 | G. Stuart, M. Ferguson, M. Cohen | Financial Services Assessment
Microfinance Opportunities undertook a project to explore the extent to which Opportunity International Bank of Malawi (OIBM) added value through the introduction of a mobile “bank-on-wheels” serving rural locations in Central Malawi. The authors collected the transactions data (all inflows and outflows, including use of financial services) for just under 200 low-income households, half of whom were OIBM clients using the mobile bank, for 18 months over 2008-09. The study found that banks and individual cash transfers dominated the financial service market, while individual cash transfers helped mediate day-to-day needs.