Final Report Assessment of Household Saving Behaviour and Access to Financial Services in Malawi Prepared by M Alexander R. Phiri Bunda College of Agriculture Department of Agricultural & Applied Economics P.O. Box 219 Lilongwe Phone: 0888 832 056/0999 283 718 Email:
[email protected] Submitted to: OPPORTUNITY INTERNATIONAL BANK OF MALAWI October 2010 1 TABLE OF CONTENTS LIST OF ACRONYMS ........................................................................ 3 ACKNOWLEDGEMENTS ..................................................................... 4 1. INTRODUCTION........................................................................ 5 1.1 Background to Opportunity International Bank of Malawi ........................ 5 1.2 Savings Mobilization ......................................................................................... 6 1.3 Purpose and Scope of the Study .................................................................... 6 1.4 LITERATURE REVIEW ................................................................. 7 Household Savings Behavior and Access to Financial Services ............................ 7 2.0 METHODOLOGY ..................................................................... 10 2.1 Sampling Frame and Sample Size ................................................................ 11 3.0 STUDY RESULTS AND DISCUSSIONS ............................................... 13 3.1 Household Demographic Characteristics .................................................... 13 3.2 Main Livelihood Activities and Income ......................................................