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“Deeper into a hole?” : borrowing and lending in South Africa

dc.contributor.authorJames, Deborahen_ZA
dc.date.accessioned2016-04-26T12:48:38Z
dc.date.available2016-04-26T12:48:38Z
dc.date.issued2014-08
dc.identifier.citationJames, D. 2014. “Deeper into a hole?” : borrowing and lending in South Africa. Current Anthropology, 55(S9):S17-S29, doi:10.1086/676123.
dc.identifier.issn1537-5382 (Online)
dc.identifier.otherdoi:10.1086/676123
dc.identifier.urihttp://hdl.handle.net/10019.1/98947
dc.descriptionCITATION: James, D. 2014. “Deeper into a hole?” : borrowing and lending in South Africa. Current Anthropology, 55(S9):S17-S29, doi:10.1086/676123.
dc.descriptionThe original publication is available at http://www.journals.uchicago.edu/toc/ca/current
dc.description.abstractIn South Africa, with upward mobility much aspired to but seldom attained, householders must spend money they have not yet earned. Borrowing both from formal institutions and smaller moneylenders (legal and illegal) positions them uneasily: in order to fulfill social requirements in one register, they acquire intensified obligations in another. Moneylending and money borrowing, owing much to the legacies of “credit apartheid,” involve an uneven mix. Embeddedness and community connection enable flexibility, juggling, and temporary escape from repayment obligations on the one hand, but systems of repayment and ever-newer technologies enable creditors to pursue debtors with inexorable swiftness on the other. Given that credit postapartheid has an increasingly formal, uniform, and financialized character, the second of these—which makes debtors get “deeper into a hole”—is becoming a predominant way of experiencing and representing the situation. The phrase, with its suggestion of entrapment, captures an important aspect of the deeply ambivalent feelings that borrowers experience in the face of debt.en_ZA
dc.description.urihttp://www.journals.uchicago.edu/doi/full/10.1086/676123
dc.format.extent13 pagesen_ZA
dc.language.isoen_ZAen_ZA
dc.publisherUniversity of Chicago Press Journalsen_ZA
dc.subjectBorrowing and lending -- South Africaen_ZA
dc.subjectMoneylenders -- South Africaen_ZA
dc.subjectPoor -- South Africaen_ZA
dc.title“Deeper into a hole?” : borrowing and lending in South Africaen_ZA
dc.typeArticleen_ZA
dc.description.versionPublisher's versionen_ZA
dc.rights.holderWenner-Gren Foundation for Anthropological Researchen_ZA


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