IDEAS home Printed from https://ideas.repec.org/a/wly/jintdv/v14y2002i2p249-271.html
   My bibliography  Save this article

Money mosaics: financial choice and strategy in a West Delhi squatter settlement

Author

Listed:
  • Orlanda Ruthven

    (Institute for Development Policy and Management, University of Manchester, UK)

Abstract

This paper examines the financial services and devices used by dwellers of Kalibasti, a squatter settlement in West Delhi. It discusses to what extent people are able to put together effective money management strategies through available devices and to what extent we might perceive 'service' or 'product gaps' which point to where new or existing providers could step in. It highlights the embeddedness of financial devices used by residents in wider kinds of relationships with relatives, co-residents, employers, 'patrons' and others. The paper concludes that access to adequate services does not necessarily correspond with access to formal or semi-formal services as is often presented by microfinance advocates. Rather it reflects people's awareness, job and income security, and capacity to leverage personal networks, all of which contribute to the capability of squatter residents to make financial relations and services work for them. The paper ends by making some tentative suggestions as to how our findings might be of interest to prospective microfinance providers in squatter settlements such as Kalibasti. Copyright © 2002 John Wiley & Sons, Ltd.

Suggested Citation

  • Orlanda Ruthven, 2002. "Money mosaics: financial choice and strategy in a West Delhi squatter settlement," Journal of International Development, John Wiley & Sons, Ltd., vol. 14(2), pages 249-271.
  • Handle: RePEc:wly:jintdv:v:14:y:2002:i:2:p:249-271
    DOI: 10.1002/jid.875
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1002/jid.875
    File Function: Link to full text; subscription required
    Download Restriction: no

    File URL: https://libkey.io/10.1002/jid.875?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. B. S. Suran & Narayana D, 2009. "The Deluge of Debt: Understanding the Financial Needs of Poor Households," Working Papers id:2260, eSocialSciences.
    2. Sohini Paul, 2014. "Creditworthiness of a Borrower and the Selection Process in Micro-finance: A Case Study from the Urban Slums of India," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 8(1), pages 59-75, February.
    3. Saxena, Raman & Mokashi Punekar, Ravi, 2020. "Designing pro-poor mobile financial services: Learning from the financial diaries of urban poor in India," World Development Perspectives, Elsevier, vol. 20(C).
    4. Abhi Dattasharma & Rajalaxmi Kamath & Smita Ramanathan, 2016. "The Burden of Microfinance Debt: Lessons from the Ramanagaram Financial Diaries," Development and Change, International Institute of Social Studies, vol. 47(1), pages 130-156, January.
    5. Daryl Collins, 2005. "Financial instruments of the poor: Initial findings from the financial diaries study," SALDRU/CSSR Working Papers 130, Southern Africa Labour and Development Research Unit, University of Cape Town.
    6. Alison Stenning & Adrian Smith & Alena Rochovská & Dariusz Świątek, 2010. "Credit, Debt, and Everyday Financial Practices: Low‐Income Households in Two Postsocialist Cities," Economic Geography, Clark University, vol. 86(2), pages 119-145, April.
    7. B.S. Suran & D. Narayana, 2009. "The Deluge of debt: Under-standing the financial needs of poor households," Centre for Development Studies, Trivendrum Working Papers 412, Centre for Development Studies, Trivendrum, India.
    8. Fischer, Gregory, 2011. "Access to finance: a functional approach to supply and demand," LSE Research Online Documents on Economics 38369, London School of Economics and Political Science, LSE Library.
    9. Paul, Sohini, 2013. "The Credit-worthiness of a borrower and the selection process in Micro-finance: A case study from the urban slums of India," MPRA Paper 48116, University Library of Munich, Germany.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:jintdv:v:14:y:2002:i:2:p:249-271. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www3.interscience.wiley.com/journal/5102/home .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.