2007
DOI: 10.4102/sajim.v9i1.15
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Unpacking 'ethno-finance': an introduction to indigenous 'financial' knowledge systems

Abstract: For too many individuals, indigenous knowledge systems provoke no enthusiasm as they are perceived to be dormant and irrelevant. This article attempts to change this perception by highlighting the need for an in-depth knowledge of indigenous knowledge systems and, moreover, indigenous knowledge systems within finance. A comprehensive definition of ethno-finance, as well as examples, is supplied to help in the development of research opportunities within the sub-field of ethno-finance regarding indigenous knowl… Show more

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Cited by 3 publications
(2 citation statements)
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“…The practices that come about from within a community are termed indigenous financial knowledge, also known as ethno-finance. It is defined as “the art of managing money and assets within a financial system that originates and develops from a specific area and is derived from the cultural traditions of the people who live in that specific geographical area” (Bray and Els, 2007). Ethno-finance strengthens the wider aspects of comprehending that knowledge is not only what is taught and learned in schools and universities (Bray and Els, 2007).…”
Section: Literature Reviewmentioning
confidence: 99%
See 1 more Smart Citation
“…The practices that come about from within a community are termed indigenous financial knowledge, also known as ethno-finance. It is defined as “the art of managing money and assets within a financial system that originates and develops from a specific area and is derived from the cultural traditions of the people who live in that specific geographical area” (Bray and Els, 2007). Ethno-finance strengthens the wider aspects of comprehending that knowledge is not only what is taught and learned in schools and universities (Bray and Els, 2007).…”
Section: Literature Reviewmentioning
confidence: 99%
“…This research paper provides an African context of the co-creation experience of savings/credit groups. Understanding financial services in other than a westernised context could help emerging markets to better alleviate poverty (Bray and Els, 2007).…”
Section: Introductionmentioning
confidence: 99%