The document discusses the challenges faced by poor households in accessing bank accounts and the low take-up rates of financial services despite potential benefits. It highlights the importance of access to credit over savings technologies and questions the effectiveness of financial education in influencing behavior. The analysis suggests that understanding the constraints is crucial for better financial management among these households.

1. Discussion
of
“Delivering
CCTs
through
Banks
and
Financial
Educa:on”
by
Claudio
Mar?nez
Claudio
Ferraz
PUC-­‐Rio,
BREAD,
JPAL
Brasília,
September
2014

2. CCTs and Bank Accounts
§ Why do poor households don’t have bank accounts?
§ If access to banks is limited, take up would be very
high
§ Why is take-up only 55%?
§ Expected results on saving would be small no?
§ Access to banks through access to credit might be
more important than access to savings technologies
given limited amount of resources

3. Financial education
§ Low acceptance rates
§ Almost no effects on debt and interest rate
§ They didn’t understand the lessons or it does not matter
for their behavior?
§ Important to understand where is the constrain to better
management, maybe it is not in financial management
but rather in the use of technologies