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Moneylending and moral reasoning on the capitalist frontier in Kyrgyzstan

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  • Pelkmans, Mathijs
  • Umetbaeva, Damira

Abstract

This article explores the links between informal moneylending and aspects of sociality and morality. It documents the moral reasoning and strategizing of two female moneylenders who operate in the radically destabilized context of post-Soviet Kyrgyzstan. By analyzing these women’s lending practices and the way they talk about their experiences, we are able to document in some detail the constitutive intertwinement of morality, sociality, and formality in the workings of credit and debt, and demonstrate how questionable behavior is transformed into moral practice. This in turn highlights important features of the post-Soviet capitalist frontier.

Suggested Citation

  • Pelkmans, Mathijs & Umetbaeva, Damira, 2018. "Moneylending and moral reasoning on the capitalist frontier in Kyrgyzstan," LSE Research Online Documents on Economics 84409, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:84409
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    File URL: http://eprints.lse.ac.uk/84409/
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    References listed on IDEAS

    as
    1. James, Deborah, 2012. "Money-go-round: personal economies of wealth, aspiration and indebtedness," LSE Research Online Documents on Economics 42044, London School of Economics and Political Science, LSE Library.
    2. Kobil Ruziev & Peter Midmore, 2014. "Informal credit institutions in transition countries: a study of urban money lenders in post-communist Uzbekistan," Post-Communist Economies, Taylor & Francis Journals, vol. 26(3), pages 415-435, September.
    3. Andrew Leyshon & Paola Signoretta & David Knights & Catrina Alferoff & Dawn Burton, 2006. "Walking with Moneylenders: The Ecology of the UK Home-collected Credit Industry," Urban Studies, Urban Studies Journal Limited, vol. 43(1), pages 161-186, January.
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    Cited by:

    1. Abel Polese & Gian Marco Moisé & Talshyn Tokyzhanova & Tommaso Aguzzi & Tanel Kerikmäe & Ainoura Sagynbaeva & Arnis Sauka & Oleksandra Seliverstova, 2023. "Informality versus shadow economy: reflecting on the first results of a manager’s survey in Kyrgyzstan," Central Asian Survey, Taylor & Francis Journals, vol. 42(1), pages 149-170, January.

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    More about this item

    Keywords

    moneylending; morality; frontier; Central Asia; post-Soviet societies; economic anthropology;
    All these keywords.

    JEL classification:

    • N0 - Economic History - - General

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