Publication: Providing Financial Services in Rural Areas : A Fresh Look at Financial Cooperatives
Date
2007
ISSN
Published
2007
Author(s)
World Bank
Abstract
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.
Citation
“World Bank. 2007. Providing Financial Services in Rural Areas : A Fresh Look at Financial Cooperatives. © Washington, DC. http://openknowledge.worldbank.org/entities/publication/9678a13a-93dc-5ebc-ae99-9e0b70a5475d License: CC BY 3.0 IGO.”