Syndicate content

Add new comment

Submitted by jeffrey ashe on

I don't know of this study. For me the best money on this topic is Just Give Money to the Poor that makes the case for unconditional cash transfers so that recipients can make their own decisions on how to use their money. For both conditional and non -conditional cash transfer programs there is considerable evidence of positive impact - now that recipients have sufficient cash to attend to their most urgent needs. I am sure that some money is wasted - spent on booze and cigarettes but given the low cost of these programs and the benefits including letting recipients choose the benefits far exceed the potential misuse of the funds by a small minority. With that said savings groups are an even lower cost development strategy given that the poor mobilize their own savings lend it to each other and divvy up the savings plus interest, fines, etc. The only cost is training the group that soon operate autonomously. See my upcoming book, In Their Own Hands: How Savings Groups are Revolutionizing development. Assuming a person receives even a $10 CCT for 5 years the total cost would be $600 plus administrative overhead. For the savings group training the total training cost is about $20 per saving group member. Working through Fundacion Capital we will be introducing savings groups through CCTs in the Dominican Republic combining the two approaches.

Jeff
jaashe@aol.com

Jeff

Jeff