Providing Financial Services in Rural Areas : A Fresh Look at Financial Cooperatives

• Ngôn ngữ: eng
• Ký hiệu phân loại: 332.71 Agricultural credit
• Thông tin xuất bản: Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 311472
• Chủ đề: 1. ACCESS TO ATMS; 2. ACCESS TO CREDIT; 3. ACCESS TO FINANCIAL SERVICES; 4. ACCESS TO INSURANCE; 5. ACCESS TO RURAL FINANCE

Tóm tắt

This report demonstrates that financial cooperatives can be sustainable providers of financial services in rural areas and development assistance needs to consider supporting them as a means to enhance access to rural finance. It does not suggest that financial cooperatives are the only providers or the preferred channel in all circumstances. For financial cooperatives to function as sustainable institutions, governments need to provide an enabling environment, not exercise excessive control that restricts growth and consolidation, and not use them as channels to provide subsidized credit. Integration into networks has wide-ranging benefits for financial cooperatives, ranging from improved governance to the ability to provide a wide range of services.