Financial Diaries: Financial Health of Low and Medium-Income Households During COVID-19 Pandemic

In order to understand how low and moderate income people were doing during the COVID-19 pandemic, BRAC Microfinance conducted financial diaries research with 273 households from different earning categories. The study collected data on all transactions made by these households over a two-week period in order to understand the financial transactions of households and their vulnerability.

The study shows how many sources of income each household has and how much more they need in order to meet their needs, looks at household savings patterns and mobile money penetration, and categorizes transactions to understand the pattern of the inflows and outflows and visualize the vulnerability.