Linking mobile money networks to “e-ROSCAs”: An experimental study

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Science Advances  01 Jan 2021:
Vol. 7, no. 1, eabc5831
DOI: 10.1126/sciadv.abc5831


We present results from a study in the Democratic Republic of the Congo that uses mobile money networks to run rotating savings and credit associations (ROSCAs), peer-to-peer finance groups ubiquitous across the developing world. We find high rates of contribution and ROSCA success. The unexpected success of such e-ROSCAs and their potential to extend banking to the bankless poor necessitate further exploration.

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