Article ID Journal Published Year Pages File Type
1016498 IIMB Management Review 2015 15 Pages PDF
Abstract

The promotion of financial education for poor people in developing countries calls for work on several fronts, one of which is to develop a measure to evaluate the outcome of financial education in relation to broader development goals. This paper proposes a Microfinance Clients' Awareness Index (MCAI) to determine the level of financial awareness of microfinance clients. This index is a comprehensive measure that incorporates information on several aspects of financial awareness in one single number lying between 1 and 2, where 1 denotes complete ignorance and 2 indicates complete financial awareness of the microfinance product.

Related Topics
Social Sciences and Humanities Business, Management and Accounting Business and International Management
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