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2013-06-13 - Colloque/Présentation - communication orale - Anglais - 0 page(s)

Laureti Carolina , "The Debt Puzzle in Dhaka Slums: Meeting Liquidity Needs on Escaping Forced Solidarity" in Workshop on Flexible Products for Poor People, Clermont-Ferrand, France, 2013

  • Codes CREF : Economie des PVD (DI4375)
  • Unités de recherche UMONS : Economie et gestion de l'entreprise (W742)
  • Instituts UMONS : Institut de Recherche en Développement Humain et des Organisations (HumanOrg)
  • Centres UMONS : Microfinance (CERMI)

Abstract(s) :

(Anglais) We observe usage of flexible savings-and-loan accounts offered by SafeSave, a microfinance institution serving poor slum dwellers in Dhaka, Bangladesh. We find that 59% of the clients borrow at high interest rates and simultaneously hold low-yield liquid savings. The literature offers two explanations for this costly behavior: meeting liquidity needs and escaping forced solidarity vis-à-vis family members and friends. To examine their relevance here, we use gender and professional occupation. Our results show that co-holders of debt and liquid savings tend to be women working in the formal sector. They enjoy regular and visible wages, and receive regular requests of money from friends and family. Plausibly, these women use debt to signal money shortage, and escape forced solidarity.