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Updated Apr 23, 2019

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Innovative Hybrid Lending-Savings Tool

Part of Innovations for Poverty Action

Enhancing Productive Firm Assets: A Field Experiment on an Innovative Savings-Loan Product

The innovation has no owner

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Stage 1 : Ideation

Approximately half of the 2 billion people living on less than $2 per day run businesses; however, few expand to become small or medium enterprises, despite the availability of micro lending and savings products. In Ghana, researchers from Innovations for Poverty Action (IPA) are studying the relationship between an innovative hybrid lending-savings tool and investments in productive firm assets, such as machinery, that add value to a business.

Registered in Ghana.

Focus Areas:

Economic Growth and Trade and Entrepreneurship

Economic Growth and Trade and EntrepreneurshipSEE LESS

Implemented In:

Ghana

GhanaSEE LESS

1
Country Implemented In
$80,808
Funds Raised to Date
Verified Funding
?

Innovation Description

To produce a hybrid-lending savings tool and investments in productive firm assets that add value to business.
How does your innovation work?
By requiring that the capital from the lending-savings tool be invested in a productive asset, researchers are evaluating whether the new tool can help improve the productivity and growth of small businesses.

Milestones

Date Unknown
Created
Date Unknown
New Country Implemented In
Ghana