Corpus ID: 153053496

THE ROSCA: FINANCIAL TECHNOLOGY OF AN INFORMAL SAVINGS AND CREDIT INSTITUTION IN DEVELOPING ECONOMIES / L'AREC: LA TECHNOLOGIE FINANCIÈRE D'UNE INSTITUTION INFORMELLE D'ÉPARGNE ET DE CRÉDIT DANS LES ÉCONOMIES EN DÉVELOPPEMENT

@inproceedings{Bouman2016THERF,
  title={THE ROSCA: FINANCIAL TECHNOLOGY OF AN INFORMAL SAVINGS AND CREDIT INSTITUTION IN DEVELOPING ECONOMIES / L'AREC: LA TECHNOLOGIE FINANCIÈRE D'UNE INSTITUTION INFORMELLE D'ÉPARGNE ET DE CRÉDIT DANS LES ÉCONOMIES EN DÉVELOPPEMENT},
  author={F. Bouman},
  year={2016}
}
A sound rural credit policy presupposes a basic knowledge of the flows of money (receipts and payments) in a rural economy and of the savings and investment behaviour of its participants. Credit is the transfer of money, goods and/or services against a specific promise of repayment at a future date !. Repayment is essential. If none is expected, there is no place for credit and, in fact, whatever funds are advanced cannot be de fined as credit. If the credit does not return to the lender… Expand
10 Citations