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| Coetzee, Gerhard K.; Cross, Catherine. |
| Community banking initiatives are defined in this paper as membership based decentralized and self-help financial institutions. Under this broad definition we discuss the informal variants of community banks, the rotating savings and credit association (or in South Africa better known as the stokvel), the more formalized village banks spreading throughout the country and the very formalized (defined in terms of legislation and registration requirements) institutions registered under the Mutual Banks Act of 1993. We show that the informal financial groups are changing in profile and mode of operation and we look at factors contributing to success and failure (CC - please expand here). The village banks started slowly since 1994 and then the concept... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Financial Economics; Food Security and Poverty. |
| Ano: 2002 |
URL: http://purl.umn.edu/18039 |
