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Church‐based Credit Cooperatives in Germany

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  • Achim Machauer
  • Dirk Schiereck

Abstract

The traditional business focus of credit co‐operatives is locally oriented and business success is explained by the efficient way to induce monitoring of borrowers. Church‐based credit co‐operatives in Germany are not that locally oriented but were extraordinary successful over the last decades. First, this analysis describes the special characteristics of church‐based institutions compared to other credit co‐operatives. This part is based on a historical backward glance, an analysis of annual reports and a survey on their business policy. Second, we discuss the special characteristics of church‐based credit co‐operatives to explain the business success in a broader context and to understand the perspectives of credit co‐operative banking beyond the local orientation.

Suggested Citation

  • Achim Machauer & Dirk Schiereck, 2004. "Church‐based Credit Cooperatives in Germany," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 75(2), pages 319-337, June.
    • Handle: RePEc:bla:annpce:v:75:y:2004:i:2:p:319-337
    DOI: 10.1111/j.1467-8292.2004.00254.x
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    References listed on IDEAS

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    1. Besley, Timothy & Coate, Stephen & Loury, Glenn, 1993. "The Economics of Rotating Savings and Credit Associations," American Economic Review, American Economic Association, vol. 83(4), pages 792-810, September.
    2. Stiglitz, Joseph E, 1990. "Peer Monitoring and Credit Markets," The World Bank Economic Review, World Bank, vol. 4(3), pages 351-366, September.
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