| The Financial
Diaries study seeks to paint a comprehensive picture
of the financial inflows and outflows of poor households
by recording data on income, consumption, savings,
lending and investment.
Over the coming year, you will be able to read
monthly installments of the Financial Diaries
of one specific household, that of Jonas and
Mimimi, a complex and dynamic couple that live
in Langa outside of Cape Town, South Africa.
The study will illustrate a record of household
transactions and entrepreneurial endeavors through
twice-monthly interviews.
Many changes are taking place in South Africa
that allow more penetration of formal financial
institutions into previously excluded sections
of the population, which seem to be causing the
dividing line between the informal and formal
financial systems to become indistinct. The Financial
Diaries will explore how this one household is
affected by these changes and will provide insight
into how poor people manage their money.
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