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Publication Detail
WP 1988-06: Informal Savings and Credit Institutions in the Urban Areas: The Case of Cooperative Credit Unions

Less developed countries are usually characterized by a dualistic financial system: the formal and informal credit system. One form of the latter is the Cooperative Credit Union (CCU), which at present finds shelter in the private and government offices as well as in public markets. Analysis presented in this paper points to the fact that the ten sample CCUs have performed well without government subsidies. Without regulation, they are more likely to introduce more innovations. However, to successfully develop a cooperative, a concerted effort should be developed among leaders.

Philippine Institute for Development Studies
Authors Keywords
Lamberte, Mario B.; Balbosa, Joven Zamoras; informal financial sectors; credit unions; credit program; credit market; savings;
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Published in 1988 and available in the PIDS Library or can be downloaded as full text Downloaded 14,258 times since November 25, 2011