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Village banking is a microcredit and saving methodology whereby financial services are administered locally in a community bank rather than in a centralized commercial bank. Village banking has its roots in ancient cultures and was most recently adopted for use by micro-finance institutions (MFIs) as a way to control costs.
Community banking is a form of empowerment-based economics which falls under the larger umbrella of micro-finance.Micro-finance as a whole is focused on the entrepreneurship of individuals, generally with a goal of lifting low-income or disadvantaged groups out of poverty and providing the means for them to prosper. [3]
FINCA International is a non-profit, microfinance organization, founded by John Hatch in 1984. FINCA is the innovator of the village banking methodology in microcredit and is widely regarded as one of the pioneers of modern-day microfinance.
The Village Bank was founded in August 1996 in St. George, Utah. Ownership consisted of approximately 350 individuals, located for the most part in the St. George area. Effective May 23, 2012, The Village Bank completed a sales transaction in which Cache Valley Bank will acquire the Sunset, River Road, and Cottonmill (Washington City) offices.
A Revolving Loan Fund (RLF) is a source of money from which loans are made for multiple small business development projects. Revolving loan funds share many characteristics with microcredit, micro-enterprise, and village banking, namely providing loans to persons or groups of people that do not qualify for traditional financial services or are otherwise viewed as being high risk. [1]
Village banking; W. Wholesale banking; Z. Zombie bank This page was last edited on 30 August 2022, at 06:34 (UTC). Text is available under the Creative ...
Village banking This page was last edited on 30 October 2019, at 13:17 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 License ...
Citizens First Bank is an American community bank that is headquartered in The Villages, Florida. [1] It was founded on July 1, 1991. As of 2021 [update] , Citizens First Bank had 14 branches throughout Central Florida . [ 2 ]