IDEAS home Printed from https://ideas.repec.org/p/zbw/uocaef/19996.html
   My bibliography  Save this paper

Cooperative Banking: A Viable Approach To Microfinance - A Case Study in the Philippines

Author

Listed:
  • Quiñones, Ben R.

Abstract

A leading cooperative bank in the Philippines has demonstrated that cooperative banking can be a viable approach to microfinance. Established in May 1975, the Cooperative Rural Bank of Bulacan, Inc. (CRBBI) integrates the components of rural banking and cooperativism: it is a rural bank owned and controlled by 180 primary organizations in Bulacan. CRBBI was registered with the central bank, Bangko Sentral ng Pililipinas (BSP) as a stockholding company in April 20, 1978. It has an authorized capital stock of P10 million ($263,158 at December 1998 exchange rate), of which P7.689M ($202,342) or 77% have been subscribed and fully paid. Its Head Office is located in the municipality of Plaridel at the heart of Bulacan province, while its seven (7) branches are spread in other municipalities of the same province. CRBBI?s Board is composed of 11 members elected by the general assembly constituted by the Chairmen of primary organizations. The Board meets once a month together with some permanent invitees such as the Treasurer, the Secretary, the legal adviser, and the ex-Chairman who is retained as consultant to the bank.

Suggested Citation

  • Quiñones, Ben R., 1999. "Cooperative Banking: A Viable Approach To Microfinance - A Case Study in the Philippines," Working Papers 1999,6, University of Cologne, Development Research Center.
    • Handle: RePEc:zbw:uocaef:19996
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/23680/1/1999-6_Qu-coop.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:uocaef:19996. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/wskoede.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.