CO-OPERATIVE BANK

Co-operative Bank

The Co-operative Bank

Introduction

Association of Co-operative Bank is a microfinance and community development bank started in Bangladesh, making small loans (such as micro-credit or "co-credit insurance") is denied without collateral. As the saying goes: "cooperative insurance," from that "g" or "country" to draw the need for "village." The bank's vision is the idea of the poor is less than the establishment of good use. A group-based management is that it started scrounging peer pressure used carefully examined the General Assembly focused on the borrower's implementation and use of bearing a strong line and self-esteem, carefully check the final repayment of financial commitments, allowing borrowers to develop good care scrounging status. The Bank received more down payment, gifts and other services, and a number of growth-oriented companies, including Sprint fabric, telephone and electricity companies. Another blame attributed to the Bank's scrounging plan is an important majority of borrowers are women. Background, structure and objectives

Co-operative Bank is the best idea of unity of its loans. Better integration of the World Bank in Bangladesh to assess the decision embodied in the sixth episode. Cooperative banks in each of the Borrower and reciting the Board's decision vowed to follow them. Sixteen the decision as a deduction, cooperatives have been magnified commitment to support borrowers in the insurance community habits. Such a custom order, the use of education, sending them to school young boy young children. The cooperative bank's decision to sixteen, almost all of the co-insurance, the borrower's school-age youth have their juvenile records in the regular classes of young children. This in turn helps to clarify the changes in the community, educate the next generation.

Unity is the base of micro-credit loans and ideas are more than 43 countries now work. Although each borrower should be part of a five Assembly, the General Assembly are not required to provide any loans to ensure its members. Blamed entirely on one after repayment of a borrower commitment, although the General Assembly and the central organization, each one by one in the accused's behavior, the problem is no one to enter repayment. No responsibility at the junction of the meeting, the General Assembly, the voters have no obligation to default members. However, in the current General Assembly, voters tend to support and assembly time of a breach of contract in the subsequent target share of the money owed. This grace is to help cooperatives insurance does not increase any more the standard remote scrounging to the assembly, which is an integral part of the default. No legal cooperation between the Bank and the gear borrowers (no idea of the contract), the basic engineering ideas in the trust. To supplement the loans, cooperative banks scrounging more constituents are often eager to save money in some little place like promoting subsidies for the purchase, assembly as opposed to buying these defense emergency savings assistance. In the home, with women picking up, you may need to borrow from the bank's large economies, cooperatives insurance has ...