• DOI:10.1016/0305-750X(94)00141-K
Corpus ID: 153522454

Rotating and accumulating savings and credit associations: A development perspective

@article{Bouman1995RotatingAA,
  title={Rotating and accumulating savings and credit associations: A development perspective},
  author={F. Bouman},
  journal={World Development},
  year={1995},
  volume={23},
  pages={371-384}
}

F. Bouman

Published 1995

Economics

World Development

Abstract Financial self-help groups in low-income countries consist of two basic types, Rotating and Accumulating Savings and Credit Associations, or ROSCAs and ASCRAs. In the ASCRA, funds are not immediately withdrawn but are left to grow for loan making. Comparing the two groups, the author finds similarities and differences. Efforts to rectify the ROSCA's shortcomings have prompted many innovations, and given birth to a hybrid preserving the best of both types, in constant adaptation to… CONTINUE READING

View via Publisher

Save to Library

Create Alert

Cite

Launch Research Feed