INNOVATIONS IN RURAL AND AGRICULTURE FINANCE APPENDIX A: Supplementary Material


Brief 2, “Financial Literacy,” by Monique Cohen Figure 1—Impact framework for financial education Inputs Outputs Outcomes Impacts


CLIENT-LEVEL INDICATORS:


Design and delivery of financial education


INDICATORS:


Financial learning experience


• Quality of training • Number of participants


INDICATORS:


• SHORT TERM: Improved financial knowledge, attitudes, and skills


• LONG TERM: Improved behaviors and financial outcomes


• Increased assets • Reduced vulnerability


• Improved financial well-being


FINANCIAL INSTITUTION–LEVEL INDICATORS:


• •


Improved financial performance


Improved responsiveness


Source: B. Gray et al., “Can Financial Education Change Behavior?: Lessons from Bolivia and Sri Lanka,” Working Paper 4 (Microfinance Opportunities: Washington, D.C.: 2010).


Brief 8, “M-PESA: Finding New Ways to Serve the Unbanked in Kenya,” by Susie Lonie Figure 1—FinAccess reports on how people in Kenya send money First study prior to launch of M-PESA (multiple responses possible). Second study conducted two years post launch. money


transfer service 9%


other 18%


post office /


money order 24%


by bus 27%


by hand 58%


M-PESA 46%


other 13%


by hand 32%


by bus 9%


Source: FinAccess 2006


Source: FinAccess 2009


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