Informal Sector Household Type | Characteristics |
Informal, poor | - Business operates below poverty line - Focus is on short term consumption - Vulnerable to poverty and other risks - No savings - Require greater social protection - Lack decent work - Limited access to social services |
Informal, non-poor, vulnerable | - Precautionary savings to last for a few weeks - Consume all their income - Vulnerable to poverty and other risks - Require greater social protection - Lack decent work - Limited access to social services |
Informal, non-poor, non-vulnerable | - Precautionary savings - Long term savings - Stable, profitable - Lack some best practices, including book keeping and proper registration - Need decent work - Limited access to social services |