Financing the Rural Poor : Savings and Loan Network in Benin

• Tác giả: Luciano Mosele
• Ngôn ngữ: eng
• Ký hiệu phân loại: 332.71 Agricultural credit
• Thông tin xuất bản: 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 328556
• Chủ đề: 1. AGRICULTURAL DEVELOPMENT; 2. BANKING SECTOR; 3. BANKING SERVICES; 4. BANKING SYSTEM; 5. BUSINESS ENVIRONMENT

Tóm tắt

The rural poor can save, although commercial banks are rarely able to mobilize these savings in financial form. Rural credit demand is also high, not only to survive drought and other periodic disasters but also to help move out of poverty through investments that improve productivity and tap into economic opportunities. Yet the high perceived costs and risks of intermediation have deterred formal financial institutions from serving the rural poor. The experience of the World Bank-assisted Rural Savings and Loan Project in Benin shows that well-designed investment in grass roots financial institutions can fill this gap on a sustainable basis.