• PROJECT TITLE: Uganda Financial Education Impact Project
  • TARGET SEGMENT: Low-income individuals and households in the Luwero District in Central Uganda
  • DELIVERY CHANNEL: Traditional financial capability training sessions
  • EVALUATION TEAM: Jonathan Agwe (World Bank), Dr. Guy Stuart (Consultant to Microfinance Opportunities), Dr. Craig Tower (Microfinance Opportunities), Dr. Monique Cohen (Microfinance Opportunities)
  • PARTNERS: Habitat for Humanity, Uganda
  • TIMELINE: April 2011 – August 2012


The Uganda Financial Education Impact project explores the use of an innovative survey methodology – Financial Diaries – in combination with in-depth interviews, to better understand and measure the financial capabilities of low-income individuals. Financial Diaries are multi-period surveys of individuals that record all their economic transactions over a period of a number of months. This is a rich source of detailed information on the economic behavior of respondents, including their financial service use. The diaries are thought to be a potentially useful tool for analyzing behavioral change following participation in financial education programs and other initiatives. To examine that potential, the project addresses the following three questions:

  1. What can Diaries, in combination with in-depth interviews, tell us about the financial capabilities of low-income people that we might not know otherwise?

  2. How can change in indicators of financial capability be tracked through Diaries, in combination with in-depth interviews, over time?

  3. Under what circumstances is it appropriate to use financial Diaries to evaluate the impact of a financial education program?

The project involved 103 respondents, 47 in a treatment group in two communities where Habitat for Humanity Uganda (HFHU) is offering financial education and 56 in a comparison group outside of HFHU’s service area. All respondents reside in the Luwero district and in economically and demographically similar communities to each other. Financial diaries data are collected at weekly visits with respondents before, during and after the intervention. The period after the intervention consists of two time periods: one immediately following the intervention and another twelve months after the start of the Diaries data collection. Researchers will thus observe changes in behavior (manifested in changes in the pattern of economic transactions) made in both the short- and the long-term in both the treatment and comparison groups. In-depth interviews are conducted with respondents before, immediately after, and ten months after the intervention to identify any changes in knowledge among the treatment and comparison groups.

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