Informal micro-finance schemes : The case of funeral insurance in South Africa

Type Working Paper - Social Finance Working Paper
Title Informal micro-finance schemes : The case of funeral insurance in South Africa
Author(s)
Issue 22
Publication (Day/Month/Year) 2002
URL http://www.ilo.org/employment/Whatwedo/Publications/WCMS_117996/lang--en/index.htm
Abstract
Based on a study carried out in the Grahamstown township, examines means available for obtaining the cash required to finance a funeral. Compares and evaluates four types of funeral insurance providers: formal assistance insurers, formal friendly societies and informal non-profit and for-profit insurers. Explores reasons why consumers prefer informal insurers and draws lessons for the formal insurance sector. \n