Date Published:
Jun 01, 1988
Working Papers
Focus Area(s):
WP 1988-06

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.


This publication has been cited 1 time

In other Publications
  1. Cacnio, Faith Christian Q.. 2001. Microfinance approach to housing: The community mortgage program. Discussion Papers DP 2001-28. Philippine Institute for Development Studies.

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