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Informal Finance: The Rotating Saving and Credit Association — An Interpretation

✍ Scribed by Philippe Callier


Book ID
110942372
Publisher
John Wiley and Sons
Year
1990
Tongue
English
Weight
238 KB
Volume
43
Category
Article
ISSN
0023-5962

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## Abstract Rotating savings and credit associations (roscas) are a popular form of informal finance in developing countries. This paper examines the rosca's ability to enforce its terms of membership and the implications that this has for their existence in an economy. A connection between enforce