The Real Financial System in Benguela (Angola) ‐ The Case of Kixikila Women

Abstract

The paper aims to assess how the non-formal economic dynamics mobilizes domestic financial resources to address the different difficulties experienced by communities when attempting to access the formal financial system. In this context, it is of crucial importance to consider the predominant women role and the way they organize themselves as kixikilas' groups. The paper will consider the reasons for preponderance of kixikilas and its socioeconomic consequences and, in this context, will assess whether the non-formal dynamics constitute a substitute or a complement to the dynamics considered formal.