Captação de poupanças dentro do sector informal em Moçambique: o caso do sector informal financeiro em Maputo

Abstract

One of the biggest constraints faced by low-income individuals, especially street vendors and large-scale markets, is the lack of access to conventional bank financial services, either due to their low or nonexistent academic qualifications - which prevents filling in the forms that conform to the bureaucratic requirements of licensed credit institutions - either because of the slowness, high transaction costs and excessive bureaucracy of banking operations, or as a result of the small geographical network of branches of formal sector institutions. These facts make possible the emergence and maintenance of some agents who, despite not being legally constituted, daily capture values ​​that average 15,000 Meticais, repaying them at the end of each month by paying a commission equivalent to one day contribution, in a rotating process with an increasing trend. The characteristics and functioning of informal financial mechanisms in Mozambique are similar to those of other African countries. The demand for financial services within the informal sector is carried out by economic agents with average monthly incomes ranging between 40 and USD 150. However, the quality of management and the profitability of these services are aspects that need to be studied more specifically, expanding the samples and covering other Mozambican cities, in order to derive appropriate policy measures, in the ongoing process of legal-legal reform of the national financial system.