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dc.contributor.advisor Kirov, D. G. Ndlovu, Samson Madala 2012-12-04T08:00:35Z 2012-12-04T08:00:35Z 2007
dc.description Thesis (M.Dev.) --University of Limpopo, 2007 en_US
dc.description.abstract Micro-lending has long been a controversial issue. Although old-age pensioners are excited about the opportunity of accessing credit from micro-lenders, some are exploited. The aim of the study was to investigate how old-age pensioners fall prey for micro-lenders, who charge them high interest on small short-term loans. The exploratory design was used for this investigation because it would provide the researcher with an in-depth understanding of old-age pensioners’ experiences when dealing with micro-lenders. The study is based on a case study of the three villages, Mphagani, Zava, and Khashane (MZK), in the rural areas of Greater Giyani Municipality, Limpopo province. Most old persons are reliant on social grants to support themselves and their extended families. Sometimes they need to supplement their income because of the responsibilities that they have in their families. Micro-finance institutions are targeting women because they are likely to be more reliable as borrowers and increased income is more likely to accrue to the family and especially children. The results of the study show that majority of old-age pensioners take loans from micro-lenders. The reasons for borrowing micro loans are categorized into four major needs for money: purchase of food, payment for health-care services, funerals, and education. These micro-lenders are not compliant with the rules and procedures of the National Credit Act. en_US
dc.format.extent ix, 86 leaves en_US
dc.language.iso en en_US
dc.relation.requires PDF en_US
dc.subject Pensioners en_US
dc.subject Micro-lenders en_US
dc.subject.ddc 305.24 en_US
dc.subject.lcsh Aged -- South Africa -- abuse of en_US
dc.subject.lcsh Loans, Personal -- South Africa en_US
dc.title The exploitation of old-age pensioners by micro-lenders in rural areas of the Greater Giyani Municipality en_US
dc.type Thesis en_US

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