The authors thank all those at the partnered microfinance company and the Apake Foundation (apake.kg), and personally, they thank Altynay Kozubekova and Baburzhan Tolbaev for making this project possible. They also thank Kai Barron; Raphael Epperson; Johannes Lohse; Dorothea Kübler; Kimberley Scharf; and participants of the Berlin Behavioral and Experimental Economics Workshop, the Berlin Research Associates Workshop, and the seminar in Birmingham for helpful suggestions and comments. They are grateful to Katharina Dorn for excellent research assistance and many others for help in conducting the field experiment. This paper has been screened to ensure that no confidential information is revealed.