M. Kongolo


Informal credit plays an important role in the development of rural and urban areas in South Africa. It is about giving the disadvantaged poor people and women access to needed financial services to increase their earning opportunities, to meet their needs and to deal with emergencies. The findings suggest that informal credit impacts positively on the lives of the majority of women in the study area, to the extent of enabling them to become self-employed through self-chosen economic activities. It has also assisted them both in accumulating resources and protecting them from further lack of incomes in times of stress.

Author Biography

M. Kongolo, University of the Western Cape, Department of Economics, Bellville, South Africa