Home » Safe Money: Building Effective Credit Unions In Latin America by Glenn D. Westley
Safe Money: Building Effective Credit Unions In Latin America Glenn D. Westley

Safe Money: Building Effective Credit Unions In Latin America

Glenn D. Westley

Published April 17th 2000
ISBN : 9781886938694
Paperback
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 About the Book 

Credit unions, the most important source of credit for microenterprises in Latin America, reach the poor in large numbers and have great potential for expansion and growth. When donor funding and subsidies began to dry up in the mid-1980s, andMoreCredit unions, the most important source of credit for microenterprises in Latin America, reach the poor in large numbers and have great potential for expansion and growth. When donor funding and subsidies began to dry up in the mid-1980s, and competition from commercial banks intensified in the 1990s, many credit unions throughout the region found themselves facing a profound crisis. The more progressive credit unions responded to these competitive forces by developing greater financial discipline and service innovation. In facing up to this new environment, Latin American credit union movements will have to grapple with four key issues: rehabilitation, regulation and supervision, governance, and consolidation. Safe Money explores these issues and presents the new thinking on how credit unions can compete effectively in modern financial markets while still retaining their social mission.