Financial instruments of the poor: Initial findings from the Financial Diaries Study


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dc.creator Collins, Daryl 2013-10-11T12:19:21Z 2013-10-11T12:19:21Z 2005-10 2015-05-28T10:06:28Z 2015-05-28T10:06:28Z 2015-05-28
dc.identifier 1-77011-064-X
dc.description A new data set called the Financial Diaries has been produced, based on a sample of 166 households, drawn from three different areas (Langa, Lugangeni and Diepsloot), from a range of dwelling types and wealth categories. A unique methodology was used to create a year-long daily data set of every income, expense and financial transaction used by these households. Within this sample, households used, on average, 17 different financial instruments over the course of the study year. A composite household portfolio, based on all 166 households, has an average of 4 savings instruments, 2 insurance instruments and 11 credit instruments. Of these financial instruments, for the same composite household portfolio, 30% are formal and 70% are informal. Interestingly, it was found that rural households use as many financial instruments as urban households.
dc.language en
dc.publisher CSSR and SALDRU
dc.relation CSSR/SALDRU Working Paper;130
dc.subject Financial diaries
dc.subject Poverty
dc.subject Financial instruments
dc.subject Langa
dc.subject Lugangeni
dc.subject Diepsloot
dc.subject Household assets
dc.subject Credit
dc.subject Saving
dc.subject Insurance
dc.subject Rural households
dc.subject Urban households
dc.subject Low income countries
dc.subject Money
dc.title Financial instruments of the poor: Initial findings from the Financial Diaries Study
dc.type Working Paper en_ZA
uct.type.publication Research en_ZA
uct.type.resource Working Paper en_ZA
dc.publisher.institution University of Cape Town
dc.publisher.faculty Faculty of Commerce en_ZA
dc.publisher.department SALDRU en_ZA

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