Informal credit markets are prevalent in South Africa. Loans from relatives and friends, loans from traditional institutions (known as stokvels) and loans from private moneylenders (known as mashonisas) are considered important sources of credit. These informal institutions are also important sources of social capital and social security. There are both registered and unregistered small-scale loan providers. In this chapter, we discuss the unregistered moneylenders based on secondary data. Some researchers classify registered small-scale loan providers as informal lenders (Chisasa, Corporate Ownership & Control, 12(1), 363–375. 2014). However, in this research, they are discussed independently because, legally, registered moneylenders are official creditors regulated and supervised by authorities. Unregistered moneylenders, on the other hand, fall out of the legal network. This chapter aims to present current practices, show how the informal credit markets function in South Africa, and identify the main futures of their transactions based on a comprehensive literature review.