This paper presents results from a field experiment designed to test whether savings constraints prevent the self-employed from increasing the size of their businesses. We opened interest-free savings accounts in a local village bank in rural Kenya for a randomly selected sample of poor daily...

Intro -- Contents -- Foreword -- I Is it Africa's Turn? -- II Forum -- Robert H. Bates -- Ken Banks -- Olu Ajakaiye -- Rosamond Naylor -- David N. Weil -- Jeremy M. Weinstein -- Smita Singh -- Paul Collier -- Rachel Glennerster -- III Real Progress -- Acknowledgements -- Appendix of Resources --...