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

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 t...

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Bibliographic Details
Main Author:	World Bank
Language:	English
Published:	Washington, DC 2012
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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Summary:	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.

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

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