Savings and Credit Banks as an Engine for Local Development

Having a small financial structure in a rural community, or marginal urban, presents several advantages for those who live in the area, such as low interest loans and almost immediately. However, the greatest strength of these organizations, which are born almost informally, in relation to other fin...

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Autor principal: Minadeo, Giovanni (author)
Formato: article
Idioma:spa
Publicado em: 2012
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Acesso em linha:https://revistas.ute.edu.ec/index.php/economia-y-negocios/article/view/192
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Resumo:Having a small financial structure in a rural community, or marginal urban, presents several advantages for those who live in the area, such as low interest loans and almost immediately. However, the greatest strength of these organizations, which are born almost informally, in relation to other financial institutions such as cooperatives, lies in their social nature, which seeks to generate development processes that benefit the entire community.