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

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.

Bibliographic Details

Main Author:	World Bank
Format:	Other Financial Sector Study biblioteca
Language:	English
Published:	Washington, DC 2007
Subjects:	ACCESS TO ATMS, ACCESS TO CREDIT, ACCESS TO FINANCIAL SERVICES, ACCESS TO INSURANCE, ACCESS TO RURAL FINANCE, ACCESS TO SERVICES, ACCOUNTING, ADVISORY SERVICES, AGRICULTURAL BANK, AGRICULTURAL COOPERATIVES, AGRICULTURAL CREDIT, AGRICULTURAL DEVELOPMENT BANKS, APEX BANK, AUDITING, AUTONOMY, BALANCE SHEET, BALANCE SHEETS, BANK ACCOUNT, BANK BRANCH, BANK CUSTOMERS, BANKING LAW, BANKING SECTOR, BANKING SERVICES, BANKRUPTCY, BANKRUPTCY LAWS, BORROWING, CAPACITY BUILDING, CAPITAL BASE, CAPITAL REQUIREMENTS, CENTRAL BANK SUPERVISION, CHECK CASHING, COLLATERAL, COMMERCIAL BANK, COMMERCIAL BANKING, COMMERCIAL BANKS, COMMERCIAL CREDIT, COMMERCIAL ENTERPRISES, COMMERCIAL PROPERTY, CONSOLIDATION, CONSUMER COOPERATIVES, COOPERATIVE BANK, COOPERATIVE BANKING, COOPERATIVE BANKS, COOPERATIVE DEVELOPMENT, COOPERATIVES, CORRUPTION, CREDIT ASSOCIATIONS, CREDIT CARDS, CREDIT COOPERATIVE, CREDIT COOPERATIVES, CREDIT GROUPS, CREDIT INSTITUTIONS, CREDIT LAW, CREDIT LINES, CREDIT POLICIES, CREDIT PROGRAM, CREDIT RISK, CREDIT RISKS, CREDIT SOCIETY, CREDIT UNION, CREDIT UNIONS, CREDITWORTHINESS, CROP FAILURE, CUSTOMER BASE, DEPOSIT, DEPOSIT ACCOUNT, DEPOSIT ACCOUNTS, DEPOSIT INSURANCE, DEPOSITORS, DEPOSITS, DEVELOPMENT ASSISTANCE, DEVELOPMENT BANK, DEVELOPMENT COMPANY, DISCRIMINATION, DIVERSIFICATION, DONOR SUPPORT, ECONOMIC ACTIVITY, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC OPPORTUNITIES, ECONOMIES OF SCALE, EMPLOYMENT, ENFORCEMENT MECHANISMS, ENTREPRENEURS, EQUIPMENT PURCHASES, EXPLICIT SUBSIDIES, FACILITATION, FAMILIES, FAMILY SUPPORT, FARM ENTERPRISES, FINANCES, FINANCIAL CAPACITY, FINANCIAL HEALTH, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL INTERMEDIARY, FINANCIAL MANAGEMENT, FINANCIAL MARKET, FINANCIAL MARKETS, FINANCIAL OUTREACH, FINANCIAL PERFORMANCE, FINANCIAL PRODUCTS, FINANCIAL REGULATION, FINANCIAL RESOURCES, FINANCIAL SECTOR REGULATIONS, FINANCIAL SERVICE, FINANCIAL SERVICE PROVIDER, FINANCIAL SERVICE PROVIDERS, FINANCIAL SERVICES, FINANCIAL SERVICES PROVIDER, FINANCIAL STRENGTH, FINANCIAL SUPPORT, FINANCIAL SUSTAINABILITY, FINANCIAL SYSTEM, FINANCIAL VIABILITY, FIXED DEPOSIT, FOREIGN EXCHANGE, FORMAL BANKS, FORMAL FINANCIAL INSTITUTION, FORMAL FINANCIAL SECTOR, FORMS OF CREDIT, GENDER, GOVERNMENT INTERVENTION, HANDICRAFTS, HOUSEHOLDS, HOUSING, HOUSING LOANS, INDIVIDUALS, INFORMAL SAVINGS, INFORMATION SYSTEM, INFORMATION TECHNOLOGY, INSTITUTIONAL DEVELOPMENT, INSURANCE SERVICES, INTEREST RATE, INTEREST RATES, INTERNATIONAL BANK, INTERNATIONAL COOPERATIVE ALLIANCE, INVENTORY, KEY CHALLENGE, LAWS, LEGAL FRAMEWORK, LEGISLATION, LEVEL OF ASSETS, LIMITED, LINES OF CREDIT, LOAN, LOAN INSURANCE, LOAN PRODUCTS, LOANABLE FUNDS, LOW INTEREST RATES, MANAGERS, MARKET ECONOMIES, MFIS, MICRO LOANS, MICROFINANCE, MICROFINANCE INSTITUTIONS, MINISTRIES OF FINANCE, MONEY LENDERS, MONEY TRANSFER, MONEYLENDERS, MONOPOLY, NATURAL RESOURCES, NEW MARKET, OUTREACH, OUTSTANDING LOANS, OVERHEAD COSTS, PARTNERSHIP, PEER REVIEW, PENSIONS, PERSONS, POSTAL SAVINGS, PRODUCTIVITY, PROFITABILITY, PROVIDERS OF CREDIT, PRUDENTIAL REGULATIONS, RECEIPTS, REGULATORY FRAMEWORK, REMITTANCE, REMITTANCES, REPAYMENT, REPAYMENT RATES, RETIREMENT, RISK MANAGEMENT, RURAL BRANCH, RURAL BRANCHES, RURAL COOPERATIVE BANKS, RURAL CREDIT, RURAL FINANCE, RURAL FINANCIAL INSTITUTIONS, RURAL FINANCIAL SERVICES, RURAL FINANCIAL SYSTEMS, SAVINGS, SAVINGS ACCOUNT, SAVINGS ACCOUNTS, SAVINGS BANKS, SAVINGS GROUPS, SAVINGS PRODUCTS, SECURITIES, SELF-FINANCING, SHAREHOLDERS, SMALL FARMERS, SMALL LOANS, SMALLHOLDER, SOCIAL WELFARE, SOCIETIES, SOLVENCY, SPECIAL SAVINGS, STAKEHOLDERS, STATE BANKS, SUBSIDIARY, SUPERVISORY FRAMEWORK, TAX EXEMPT, TECHNICAL ASSISTANCE, TERM CREDIT, TIME DEPOSITS, TRANSPORT, UNION, UNIONS, URBAN AREAS, VILLAGE, VILLAGES, WORKING CAPITAL,
Online Access:	http://documents.worldbank.org/curated/en/2007/01/15403665/providing-financial-services-rural-areas-fresh-look-financial-cooperatives http://hdl.handle.net/10986/7935
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