Community Banking   


Welcome to African Wealth Network

A community banking is a membership-based, decentralized and self-help financial institution.  Until recently, an area of relative neglect in the formal conception of the supply of financial services is the concept of decentralized financial services. The decentralized concept refers to financial services that are organised by the local community. This is the essence and origin of financial intermediation. It normally emphases a savings first approach. Slow growth and social capital are implied in starting and organizing such a system. It further implies local control, or member control over the activities of these institutions. Member control also includes mutual monitoring of activities by members. Activities refer not only to the handling of cash, but also to the management of investments by borrowers. In essence these systems address the core of all issues in financial transactions and markets; it improves information flows, thus improving the quality of decisions

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