A review of commitment savings products in developing countries

Nava Ashraf*, Nathalie Gons, Dean S. Karlan, Wesley Yin

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

13 Scopus citations


Many financial institutions in developing countries offer savings products. Yet, little has been done to assess systematically and quantitatively the relative merits of different product designs. This paper first examines different designs that provide incentives to clients to commit to save. Mechanisms are divided into deposit-side mechanisms that help clients make regular deposits, and withdrawal-side mechanisms that help clients restrict the use of their funds except for well-planned uses or emergencies. Then, using results from a short web-based survey of microfinance instititutions, we describe different commitment savings products in use around the world.

Original languageEnglish (US)
Pages (from-to)1-37
Number of pages37
JournalERD Working Paper Series
Issue number45
StatePublished - Jul 2003

ASJC Scopus subject areas

  • Geography, Planning and Development


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