A CVECA is a "self-reliant village savings and credit bank" (from the French "Caisse Villageoise d'Epargne et de Crédit Autogérée"). CVECAs are designed to operate in rural areas with clients who are primarily subsistence farmers, with minimal non-farm income. While most banks have less than 250 members, they achieve service flexibility and economies of scale through networking together into regional federations. "Each bank is managed by 2 part-time local staff and a board composed of members, all of whom have minimal education." [Renée Chao-Béroff. "Managing liquidity with limited management capacity", in Madeline Hirschland (ed.) "Savings Services for the Poor", Bloomsfield CT, 2005, p. 278.]
CVECAs are member-based
microfinanceintermediaries inspired by external technical support. Structurally they lie between informal financial market actors like moneylenders, collectors, and ROSCAs on the one hand, and formal actors like microfinance institutions and bankson the other. Other organizations in this transitional zone in financial market development include self help groups, ASCAs, rural credit co-operatives, village banksand financial service associations.
These small financial intermediaries "grew out of an interest in improving the traditional cooperative model in West Africa" [Brigit Helms. "Access for All: Building Inclusive Financial Systems." World Bank, 2006, p. 41.] by adapting it to thinly populated regions where there are very low levels of functional literacy and
monetization. Many of the world's poorest people live in such regions. The CVECAs represent an effort to show that poor people can manage and operate their own banks. Should this prove to be the case, it will open the doors to greatly expanded access to microfinancefor poor rural populations.
Beginning in the
Dogonregion of Maliin the late 1980s, CVECAs have begun to spread around Africa, reaching 220,000 members with average loans of $130 by the end of 2003. [Helms, "Ibid".] The networks in Mali are now sufficiently developed to access refinancing through the Banque Nationale de Developpement Agricole, the rural central bank.
* self-help group
* [http://www.uncdf.org/mfdl/readings/SavingMobilize.pdf Comparative Analysis of Savings Mobilization Strategies]
Wikimedia Foundation. 2010.
Look at other dictionaries:
Kuca Cveca — Kuća Cveća Le Musée du 25 mai à Belgrade … Wikipédia en Français
Kuća Cveća — 44°47′12″N 20°27′06″E / 44.78667, 20.45167 … Wikipédia en Français
Kuća Cveća — Tumba de Tito en el mausoleo. El Kuća Cveća (en serbio: Кућа Цвећа; en español: La casa de las flores), es el mausoleo donde yace el mariscal Tito, líder de la antigua Yugoslavia de la cual fue presidente desde 1945 hasta que murió el 4 de mayo… … Wikipedia Español
Kuća cveća — House of Flowers (Serbian Cyrillic: Кућа цвећа / Кућа цвијећа ; Macedonian: Куќа на цвеќето ; Croatian: Kuća cvijeća ; Slovenian: Hiša cvetja ), is the mausoleum of the leader of the former Yugoslavia, Josip Broz Tito, who died on May 4 1980. It… … Wikipedia
Maison des fleurs — Kuća Cveća Le Musée du 25 mai à Belgrade … Wikipédia en Français
Musée du 25 mai — Kuća Cveća Le Musée du 25 mai à Belgrade … Wikipédia en Français
Belgrad — Београд Beograd … Deutsch Wikipedia
Dobrica Erić — (en serbe cyrillique Добрица Ерић), né le 22 août 1936 à Donja Crnuća, est un écrivain serbe. Sommaire 1 Biographie 2 Œuvre … Wikipédia en Français
List of Bosnia and Herzegovina-related topics — This is a list of topics related to Bosnia and Herzegovina. Those interested in the subject can monitor changes to the pages by clicking on Related changes in the sidebar.Bosnia and Herzegovina* Bosnia and Herzegovina * Republika Srpska*… … Wikipedia
Self-help group (finance) — A self help group (SHG) is a village based financial intermediary usually composed of between 10 15 local women. Most self help groups are located in India, though SHGs can also be found in other countries, especially in South Asia and Southeast… … Wikipedia