Tag
liquidity_management
3 findings
Finance & microfinanceMicroenterprise Capital Grant Induced Debt DisplacementIn the immediate months following the capital drop (Round 6), capital grant recipients significantly reduced loan take-up by 135.6 cedis (p < 0.05) relative to control firms, using cash grants to displace credit borrowing while increasing short-term Susu savings by 28.38 cedis per month in the combined group (p < 0.01).RCTFinance & microfinanceInformal Savings in Physical AssetsControl borrowers on standard early-repayment contracts allocated Rs 557.2 to house repairs (representing 58.6% of the non-business spending gap between groups), whereas grace period borrowers reduced house repair purchases by Rs 208.8 to Rs 222.1 to invest directly in illiquid business stock.RCTFinance & microfinanceInstitutional Cash Flow SynchronizationPre-treatment loan disbursement was heavily skewed (only 15% in week 1 vs 32% in week 4 across 56 of 61 branches); the intervention drove an 18% increase in new loan origination in weeks 1–2 (p < 0.10) and smoothed loan disbursements toward the target distribution (35% week 1, 25% week 2), eliminating cash flow mismatch and associated transportation/funding costs.RCT