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Tag archives for informal economy

In Jakarta, Making a Living in the ‘Formal’ Economy not Easy for All

JAKARTA– Ibu Mawar and her family moved into Rusun Marunda four months after being evicted from their home under an elevated toll road (Tol Sedyatmoko). Rusun Marunda is one of several large government-subsidized housing projects in Jakarta and families relocated into these complexes are typically given three to six months of rent-free accommodation to help…

The Invisible Borrowers: Opening the Door to Credit with the Mobile Phone

Individuals living in less developed parts of the world often engage in an informal economy where financial identities and credit scores are not commonly used. Little is done to keep records of financial histories, unlike the measures taken in the formal economy. In this installment of Digital Diversity, Rachel Itwaru, an intern for InVenture, explains…