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FDC - DEV!!! / The effect of remittance related financial education on financial inclusion, 2013

The effect of remittance related financial education on financial inclusion, 2013

This study examined the effect of remittance related financial education given to 20 Indonesian Female Domestic Workers in Singapore. A key feature of the study was its conduct of back-to-back classes for the migrant workers families in Indonesia. The descriptive results are indicative of the effectiveness of financial education and suggest that financial education has a positive effect on savings and a negative effect on frequency of remittances. Asymmetry in information between the migrant and the household and evidence of increased communication between household members after taking the classes, were observed.