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

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dc.creatorCollins, Daryl
dc.date2013-10-11T12:19:21Z
dc.date2013-10-11T12:19:21Z
dc.date2005-10
dc.date.accessioned2015-05-28T10:06:28Z
dc.date.available2015-05-28T10:06:28Z
dc.date.issued2015-05-28
dc.descriptionA 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.identifier1-77011-064-X
dc.identifierhttp://hdl.handle.net/11090/659
dc.identifier.ris TY - Working Paper DA - 2015-05-28 DB - OpenUCT DP - University of Cape Town KW - Financial diaries KW - Poverty KW - Financial instruments KW - Langa KW - Lugangeni KW - Diepsloot KW - Household assets KW - Credit KW - Saving KW - Insurance KW - Rural households KW - Urban households KW - Low income countries KW - Money LK - https://open.uct.ac.za PB - University of Cape Town PY - 2015 T1 - Financial instruments of the poor: Initial findings from the Financial Diaries Study TI - Financial instruments of the poor: Initial findings from the Financial Diaries Study UR - http://hdl.handle.net/11090/659 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11090/659
dc.languageen
dc.publisherCSSR and SALDRU
dc.publisher.departmentSALDRUen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.relationCSSR/SALDRU Working Paper;130
dc.subjectFinancial diaries
dc.subjectPoverty
dc.subjectFinancial instruments
dc.subjectLanga
dc.subjectLugangeni
dc.subjectDiepsloot
dc.subjectHousehold assets
dc.subjectCredit
dc.subjectSaving
dc.subjectInsurance
dc.subjectRural households
dc.subjectUrban households
dc.subjectLow income countries
dc.subjectMoney
dc.titleFinancial instruments of the poor: Initial findings from the Financial Diaries Study
dc.typeWorking Paper
uct.type.publicationResearchen_ZA
uct.type.resourceWorking Paperen_ZA
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