The Financial Industry and the Emergence of Informal Financial Systems in the Province of Malaita (Solomon Islands) PDF Download
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Author: Serge Belloni
Publisher:
ISBN:
Category :
Languages : en
Pages : 22
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Book Description
Author: Serge Belloni
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 30
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Book Description
Author: Serge Belloni
Publisher:
ISBN:
Category :
Languages : en
Pages : 22
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Book Description
Author: Serge Belloni
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 22
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Book Description
Author: Serge Belloni
Publisher:
ISBN:
Category : Banks and banking, Cooperative
Languages : en
Pages : 120
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Author:
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 216
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Author: Prabhu Ghate
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 280
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Book Description
In most Asian countries, there exists a dynamic informal financial sector working side by side with formal finance, which has not until now been researched carefully. Informal Finance is based on a research project that examined informal finance in Bangladesh, India, Indonesia, the Philippines, and Thailand. The issues encountered in studying each country are discussed, as are regional diversity within countries and the differences between rural and urban areas. Rather than simply summarizing the five country studies on which it is based, Informal Finance presents a synthesis based on a common framework that permits cross-country comparisons.
Author: Mike McCaffrey
Publisher:
ISBN:
Category :
Languages : en
Pages : 57
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Book Description
Despite several attempts to provide financial services in rural areas in Solomon Islands, there has never been a model that follows global best practices or has reached sustainability on a significant scale. Despite the daunting infrastructure, political, economic and demographic impediments to doing so, sustainable models for providing rural finance have been developed all over the world including in the Pacific in neighboring Papua New Guinea, Samoa and Vanuatu. Approaches taken in other parts of the world, such as adequately supported Greenfield institutions, links with post offices and branchless banking technologies are still new to the Pacific; however they may offer the best chance to promote greater financial inclusion in Solomon Islands.There is significant potential to offer financial services in places such as the area surrounding Honiara, the Auki-Malu'u Corridor (Malaita), and the Noro-Munda-Gizo Triangle (Western Province). These places have relatively high population densities, modern infrastructure and active economies relative to the rest of the country, and offer a small but potential market for lending. There is undoubtedly a need to bring in one or more new financial service providers, and support them financially, until they become operationally sustainable. Outside these enclaves, there are only marginal areas of economic activity and limited financial activities. Microcredit will be challenging in rural areas without a basis of economic activity. Any new model should focus heavily on deposit taking and domestic money transfers in these areas. Some credit unions and savings clubs concentrated in Isabel province have proven resilient and may also offer an indigenous, immediate strategy for offering financial services in these very rural areas.In order to design strategies for providing financial services in rural areas, stakeholders need to come together to take a fresh look at the problems and possibilities. As is happening elsewhere in the Pacific, many different actors will have to collaborate to address the myriad of constraints. The best way to do this will be to bring stakeholders together to have an inclusive discussion which prioritises goals and assigns agencies to implement and monitor them.
Author:
Publisher:
ISBN:
Category : Banks and banking, Cooperative
Languages : en
Pages : 94
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Author:
Publisher: WorldFish
ISBN:
Category :
Languages : en
Pages : 18
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Author: Susan Johnson
Publisher:
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Category :
Languages : en
Pages :
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While the scale of informal finance in many developing countries has long been known to be extensive, data at the national level and particularly in Africa has been scarce. Moreover, financial sector development policy has firmly shifted its attention away from informal finance and towards working with the formal sector to provide inclusive financial services. However, some donors and policy makers are concerned that this approach is inadequate and will leave the poorest people unserved with even basic financial services, and are as a result experimenting with savings-led group-based approaches. This paper uses data from the 2006 Financial Access Survey carried out in Kenya to examine the scale, scope and nature of informal groups in order to assess the context for this alternative strategy. This survey provides the first significant nationally representative dataset to exist offering a much more detailed analysis of informal group operation than has so far been possible. First, we demonstrate the extent of use and estimated scale of savings currently flowing through these systems. Second, we examine the profile of use via socio-economic characteristics through the use of logistic regression analysis. We then turn to the reasons users give for engaging in groups, the way they are organised and the experiences reported by users having engaged with them. We conclude by drawing out the policy implications of this analysis for the new focus on savings-led group-based approaches and for policy towards the development of the informal financial sector.
