Informal Savings Groups in South Africa: Investing in Social Capital

dc.contributor.authorIrving, Margaret
dc.date.accessioned2016-05-04T08:34:28Z
dc.date.available2016-05-04T08:34:28Z
dc.date.issued2005
dc.date.updated2016-05-04T08:31:42Z
dc.description.abstractInformal savings groups (ISGs) provide an important means of consolidating financial resources in poor communities. However, this paper takes the view that the benefits to participation extend beyond conventional economic gains, and membership decisions should thus be viewed in the broader context of the joint accumulation of social and financial capital. The introductory section reviews the existing social capital literature and contextualises the work of Uhlaner (1989) on relational goods in this framework. The importance of social capital in establishing informal social security networks and systems of mutual insurance is highlighted, with a particular focus on the division of social responsibilities as a root cause for the differential formation of these networks by gender. As yet, there has been no systematic study of the role and functioning of ISGs, with the existing literature predominantly in the form of case studies. There is some evidence to suggest that the view that holds stokvels and ISGs as synonymous is inaccurate. This contributes to the considerable inadequacy of existing datasets for drawing reliable conclusions on savings behaviour. As a consequence, this paper is qualitative in its approach, using the social capital paradigm developed previously together with information gathered from a focus group to construct an expanded understanding of why these groups continue to flourish alongside formal financial institutions.en_ZA
dc.identifier.apacitationIrving, M. (2005). <i>Informal Savings Groups in South Africa: Investing in Social Capital</i> University of Cape Town ,Faculty of Humanities ,Centre for Social Science Research(CSSR). Retrieved from http://hdl.handle.net/11427/19387en_ZA
dc.identifier.chicagocitationIrving, Margaret <i>Informal Savings Groups in South Africa: Investing in Social Capital.</i> University of Cape Town ,Faculty of Humanities ,Centre for Social Science Research(CSSR), 2005. http://hdl.handle.net/11427/19387en_ZA
dc.identifier.citationIrving, M. (2005). Informal savings groups in South Africa: investing in social capital. Centre for Social Science Research, University of Cape Town.en_ZA
dc.identifier.isbn1-77011-044-5en_ZA
dc.identifier.ris TY - Working Paper AU - Irving, Margaret AB - Informal savings groups (ISGs) provide an important means of consolidating financial resources in poor communities. However, this paper takes the view that the benefits to participation extend beyond conventional economic gains, and membership decisions should thus be viewed in the broader context of the joint accumulation of social and financial capital. The introductory section reviews the existing social capital literature and contextualises the work of Uhlaner (1989) on relational goods in this framework. The importance of social capital in establishing informal social security networks and systems of mutual insurance is highlighted, with a particular focus on the division of social responsibilities as a root cause for the differential formation of these networks by gender. As yet, there has been no systematic study of the role and functioning of ISGs, with the existing literature predominantly in the form of case studies. There is some evidence to suggest that the view that holds stokvels and ISGs as synonymous is inaccurate. This contributes to the considerable inadequacy of existing datasets for drawing reliable conclusions on savings behaviour. As a consequence, this paper is qualitative in its approach, using the social capital paradigm developed previously together with information gathered from a focus group to construct an expanded understanding of why these groups continue to flourish alongside formal financial institutions. DA - 2005 DB - OpenUCT DP - University of Cape Town J1 - Centre for Social Science Research LK - https://open.uct.ac.za PB - University of Cape Town PY - 2005 SM - 1-77011-044-5 T1 - Informal Savings Groups in South Africa: Investing in Social Capital TI - Informal Savings Groups in South Africa: Investing in Social Capital UR - http://hdl.handle.net/11427/19387 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/19387
dc.identifier.vancouvercitationIrving M. Informal Savings Groups in South Africa: Investing in Social Capital. 2005 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/19387en_ZA
dc.languageengen_ZA
dc.publisher.departmentCentre for Social Science Research(CSSR)en_ZA
dc.publisher.facultyFaculty of Humanitiesen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.rightsCreative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/en_ZA
dc.sourceCentre for Social Science Research
dc.source.urihttp://www.cssr.uct.ac.za
dc.subject.otherfinancial resources
dc.subject.othereconomics
dc.subject.othersavings
dc.titleInformal Savings Groups in South Africa: Investing in Social Capitalen_ZA
dc.typeWorking Paperen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceResearch paperen_ZA
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