Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/27239
Authors: 
Schindler, Kati
Year of Publication: 
2007
Series/Report no.: 
DIW Discussion Papers 715
Abstract: 
This paper explores the use of informal credit as a strategy for managing risks by market women in northern Ghana. A broad concept of the costs of risk management strategies is introduced and encompasses both a time and monetary dimension. Based on qualitative data, the analysis reveals that market women invest a considerable amount of time in maintaining complex networks of informal credit providers to insure their access to credit once a shock occurs. Informal credit involves high transaction costs and prevents market women from growing out of poverty in the long term.
Subjects: 
Africa
Ghana
informal finance
coping strategies
intra-household allocation
women
JEL: 
O12
O17
D13
Document Type: 
Working Paper

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