Post by hasan77 on Feb 15, 2024 0:30:16 GMT -5
Essentially a network of small and medium enterprises, has successfully performed all these business-to-business functions ever since the depression years of the 1930s. Specialized financial institutions with a well-defined mission for the public or the common good also have an important role to play. They can be public, cooperative or socially driven institutions. What can businesses do? They can provide mutual credit as a means of exchange, and facilitate mutually beneficial trading relationships. Cooperative financial institutions are owned by the people or institutions that rely on their services, which ensures accountability to the people they serve.
As a particularly successful example, we have featured the Self-Help Credit Union of North Carolina. It is part of a broader category of community development financial Fiji Email List institutions (CDFIs) in the United States, which have as their mission to promote economic opportunity among minority and other disadvantaged communities. Customer-owned and cooperative banks play an important role in many other countries as well, and generally provide financial services at reasonable cost, while investing primarily in the local economy.
Socially driven financial institutions devoted to the common good can also follow a variety of other institutional models, belonging to foundations, trusts, or other institutions. A number of such banks have come together to form the Global Alliance for Banking on Values. We have featured a bank that does not belong to this alliance, but is remarkable for the local economic development work it is promoting in Brazil and the local currency it has launched: Banco Palmas.
As a particularly successful example, we have featured the Self-Help Credit Union of North Carolina. It is part of a broader category of community development financial Fiji Email List institutions (CDFIs) in the United States, which have as their mission to promote economic opportunity among minority and other disadvantaged communities. Customer-owned and cooperative banks play an important role in many other countries as well, and generally provide financial services at reasonable cost, while investing primarily in the local economy.
Socially driven financial institutions devoted to the common good can also follow a variety of other institutional models, belonging to foundations, trusts, or other institutions. A number of such banks have come together to form the Global Alliance for Banking on Values. We have featured a bank that does not belong to this alliance, but is remarkable for the local economic development work it is promoting in Brazil and the local currency it has launched: Banco Palmas.