2016 - 19th Annual Steven Galovich Memorial Student Symposium

Presentation Title

Economic, Seasonal, and Household Life Cycles of Informal Financial Services

Student Presenter(s) and Advisor

Sabelo Zwane, LakeForest CollegeFollow

Location

Meyer Auditorium

Abstract

For the several billion poor of the world, most who earn a living with agriculture, informal financial services are vital for income smoothing. When faced with volatile situations created by economic, seasonal, and household cycles, alternative financial services provide a means for financial stability. Managing day-to-day finances, preparing for emergencies, and accumulating large amounts of money are the main advantages. Despite these benefits, a need exists for enhanced financial tools that enable long-term saving, allow for effective borrowing, and match irregular and unpredictable cash flows with business and household expenses.

Presentation Type

Individual Presentation

Start Date

4-5-2016 1:00 PM

End Date

4-5-2016 2:15 PM

Panel

A Global Perspective on Informal Financial Services

Panel Moderator

Les Dlabay

Field of Study for Presentation

Business, Entrepreneurship and Innovation, Finance, International Relations

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Apr 5th, 1:00 PM Apr 5th, 2:15 PM

Economic, Seasonal, and Household Life Cycles of Informal Financial Services

Meyer Auditorium

For the several billion poor of the world, most who earn a living with agriculture, informal financial services are vital for income smoothing. When faced with volatile situations created by economic, seasonal, and household cycles, alternative financial services provide a means for financial stability. Managing day-to-day finances, preparing for emergencies, and accumulating large amounts of money are the main advantages. Despite these benefits, a need exists for enhanced financial tools that enable long-term saving, allow for effective borrowing, and match irregular and unpredictable cash flows with business and household expenses.