HOW FUNCTIONING THE CO-OPERATIVE CREDIT SYSTEM
The cooperative credit play an important role for the stability of the financial system at the regional and local levels. They provide credit to individuals, households, micro-enterprises, start-up, cooperative of workers as well as capital to SMEs. In Europe the cooperative credit banks are integrated into a distinct network, which grants them an adequate level of competitiveness in the financial market. By effectively implementing democratic principles of governance and by focusing on retail banking these banks foster responsible behaviour, which is crucial in times of economic crisis. This project would introduce in Africa the cooperative credit concept and to explain the systems and better understanding how the their contribution sound well in economy and financial reality with specific highlights by the most representative european cooperative credit banks. It is very much clear that co-operative banks have very much importance in sustainable development.
Without the help of co-operative credit, millions of people in the world would belacking the much needful financial support. Co-operative banks take active part in local communities and local development with a stronger commitment and social responsibilities.
The cooperative credit is the best financial vehicles for unbanked people in urban and rural areas. Their presence in the social, economic and democratic structure of the country is essential to bring about harmonious development and that perhaps is the best justification for nurturing them and strengthening their base.
The role of co-operative credit
The co-operative banks are sure to win the race because they are from the people, by the people and of the people. These banks can also financially help various sectors as:
Social work Agriculture Fishing Education Retails traders Whosale trade Handcraft Mechanic Electrical SMEs Farmers etc…..
The co-operative credit represent democratic and sustainable sources for the regional and local economy
Democratic because the co-operative credit serve a range of customers as middle class and workers classes as small traders, business persons, artisans, factory workers, farmers, fish workers, mechanical workers, salaried people, including people under the weight of indebtedness. All people have the opportunity to become a member. They pay a small fee which is called a member share and then they have a vote, it is impossible to buy more votes as in any democratic organisation.
Sustainable because the co-operative credit serve people with lowest incomes and contributing the development of environmental sustainability, economic sustainability and socio-political sustainability.
Learn by European
co-operative bank
Study tour in Paris
November 2014!
Organized by the collaboration of the european federation of Co-operative banks we have the pleasure to invite experienced presidents, general directors, responsibles of african banks to join us in creating an immersion session of study tour in Paris.
During the sessions we will introduce the following themes:
• How to create a co-operative bank: the principles and basic elements.
• Teaching and practice in the co-operative bank system.
• Ample opportunity for the investors and how to manage and to promote the the microfinance loans
• Regular individual reviews to facilitate engagement with what is emergine in the local and regional territory.
• Leaders experienced and interested in bringing insight alive through co-operative credit practice.
• Create a network of co-operative bank in your country.
Registration:
If you are interested, we need to know as soon as possible your adhesion – please send an email
as soon as possible to CCIP secretariat to be added to the list of potential participants and indicate where you are interested to join the session: in Paris (France)
