Mutual Aid and Informal Finance: The Persistence of Stokvels
This paper focuses on stokvels in contemporary South Africa. It examines the resilience and persistence of mutual aid in a modern setting. It seeks to build a qualitative model to understand the persistence and adaptation of the stokvels in a modern society where banking institutions coexist with in...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
University of Johannesburg
2023-06-01
|
| Series: | The Thinker |
| Subjects: | |
| Online Access: | https://journals.uj.ac.za/index.php/The_Thinker/article/view/2520 |
| _version_ | 1797797563606237184 |
|---|---|
| author | Elise M. Dermineur Unathi Kolanisi |
| author_facet | Elise M. Dermineur Unathi Kolanisi |
| author_sort | Elise M. Dermineur |
| collection | DOAJ |
| description | This paper focuses on stokvels in contemporary South Africa. It examines the resilience and persistence of mutual aid in a modern setting. It seeks to build a qualitative model to understand the persistence and adaptation of the stokvels in a modern society where banking institutions coexist with informal credit practices. The concept of cooperation is key to the analysis. We argue that stokvels continue to persist in modern society, despite the rise of banking institutions, because of their cooperative nature. |
| first_indexed | 2024-03-13T03:50:14Z |
| format | Article |
| id | doaj.art-d5867b26aa9f46d9a54bf10601e92dc0 |
| institution | Directory Open Access Journal |
| issn | 2075-2458 2616-907X |
| language | English |
| last_indexed | 2024-03-13T03:50:14Z |
| publishDate | 2023-06-01 |
| publisher | University of Johannesburg |
| record_format | Article |
| series | The Thinker |
| spelling | doaj.art-d5867b26aa9f46d9a54bf10601e92dc02023-06-22T15:34:17ZengUniversity of JohannesburgThe Thinker2075-24582616-907X2023-06-01953543https://doi.org/10.36615/the_thinker.v95i2.2520Mutual Aid and Informal Finance: The Persistence of StokvelsElise M. Dermineur0Unathi Kolanisi1Stockholm University University of ZululandThis paper focuses on stokvels in contemporary South Africa. It examines the resilience and persistence of mutual aid in a modern setting. It seeks to build a qualitative model to understand the persistence and adaptation of the stokvels in a modern society where banking institutions coexist with informal credit practices. The concept of cooperation is key to the analysis. We argue that stokvels continue to persist in modern society, despite the rise of banking institutions, because of their cooperative nature.https://journals.uj.ac.za/index.php/The_Thinker/article/view/2520south africastokvelssaving schemesinformal financial systems |
| spellingShingle | Elise M. Dermineur Unathi Kolanisi Mutual Aid and Informal Finance: The Persistence of Stokvels The Thinker south africa stokvels saving schemes informal financial systems |
| title | Mutual Aid and Informal Finance: The Persistence of Stokvels |
| title_full | Mutual Aid and Informal Finance: The Persistence of Stokvels |
| title_fullStr | Mutual Aid and Informal Finance: The Persistence of Stokvels |
| title_full_unstemmed | Mutual Aid and Informal Finance: The Persistence of Stokvels |
| title_short | Mutual Aid and Informal Finance: The Persistence of Stokvels |
| title_sort | mutual aid and informal finance the persistence of stokvels |
| topic | south africa stokvels saving schemes informal financial systems |
| url | https://journals.uj.ac.za/index.php/The_Thinker/article/view/2520 |
| work_keys_str_mv | AT elisemdermineur mutualaidandinformalfinancethepersistenceofstokvels AT unathikolanisi mutualaidandinformalfinancethepersistenceofstokvels |