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History of Credit Unions
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Details
Credit unions are community-based banks organized according to cooperative principles. In the early stages of development of a nation's financial system, unserved and underserved populations must rely on risky and expensive informal financial services from sources like money lenders, ROSCAs and saving at home. Credit unions proved they could meet demand for financial services that banks could not: from professional, middle class and poorer people. Those that served poorer urban and rural communities became an important source of microfinance. The first working credit union models sprang up in in the 1850s and 1860s, and by the end of the 19th Century had taken root in much of Europe. They drew inspiration from cooperative successes in other sectors, such as retail and agricultural marketing
Weitere Informationen
- Allgemeine Informationen
- GTIN 09786130831004
- Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
- EAN 9786130831004
- Format Fachbuch
- Titel History of Credit Unions
- Herausgeber Alphascript Publishing
- Anzahl Seiten 68
- Genre Sozialwissenschaften allgemein
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