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

Jimmy Roth
Working paper (International Labour Organization. Employment sector. Social Finance Unit), no. 22, ILO
2000

Abstract

microfinance funeral grant insurance low income cost access to credit informal economy mutual benefit society statistical table South Africa
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.
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