This Note analyses the trends through behavioural economics lens and tracks behavioural factors responsible for – preferences for informal savings; procrastination towards savings commitment; and overwhelming preference for “fixed return” schemes.
Migrant workers, are unique client segment that interests financial service providers- specifically the digital financial service providers. This Note examines decision making context and behavioural aspects of the migrant workers.
MFIs do not fit into clients’ mental models of where to save. This note studies, on how MFIs can turn this situation around using client’s demand for credit and desire to accumulate lump sums as triggers to induce active savings behaviour through MFI-BCs.