What is the Village Banking model?
:4.4 FAQID:117 : global, InputDate: 4/26/2002 Reference: Ledgerwood, Joanna. 1999. Microfinance Handbook – An Institutional and Financial Perspective. The World Bank A: Village banks are community-managed credit and saving associations established to provide access to financial services in rural areas, build a community self-help group, and help members accumulate savings (Otero and Rhyne 1994). The model was developed in the mid-1980s by the Foundation for International Community Assistance (FINCA). Membership in a village banks usually ranges from 30 to 50 people, most of whom are women. Membership is based on self-selection. The bank is financed by internal mobilization of members’ funds as well as loans provided by the MFI. Method.
