Brief Review of Informal Financial Services Typologies in Zambia: Investing in Sustainable Savings Groups

Informal financial services (IFSs) provide various types of investment avenues for both rural and urban populations in Zambia. This paper is a critical review the sustainability informal typologies Zambians has been using adopting to increase their resources solve livelihoods social issues process. An evaluation why people organizations opt specific that come form savings lending groups will be discussed detail understand if they have meeting people's expectations. The derives its data from studies past 10 years emanates Zambia Sub-Saharan Africa. While broad, are measured through risks associated, policies adopted, group loan guarantees flexibility, interest transactional expenses enforcement, income-generating, wealth creation any capital investment. research reveals limited looked at groups, including evaluating sustainability. study helps decision making anyone or organization who would want join start key parameters follow.