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Tuesday, November 24 • 12:30 - 14:15
B19: How to empower communities using informal financial systems

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In South Africa, there is a big issue of economic exclusion from formal financial insItuIons. This session will focus on presenIng two studies conducted in April-May 2019, covering informal finance in KwaZulu-Natal, focusing on the stokvel system. We aim to briefly present the economical climate in the region and the importance of stokvels: what they are, why people take part in them, how they differ, and how this way of economical acIvity differs from the usage of formal banks. We will also cover the area of the importance of small enterprises in South Africa, and how they are failing because they cannot access formal insItuIons. We will round of by focusing on how research within this field is not only about the research itself, rather about how it aims to bring change in communiIes. This presentaIon has its foundaIon in the project “Who runs the world?!” women and informal finances run by Prof Unathi Kolanisi and Dr Elise Dermineur.

Keywords (max 5):
Informal finance, Stokvels, small enterprises

avatar for Helin Bäckman Kartal

Helin Bäckman Kartal

SASUF Project Coordinator, Uppsala University
avatar for Andile Mthembu

Andile Mthembu

Chair, SASUF Student Network, University of Zululand

Tuesday November 24, 2020 12:30 - 14:15 CET
Zoom Room A