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Rotating savings and credit associations: the choice between random and bidding allocation of funds

โœ Scribed by Jens Kovsted; Peter Lyk-Jensen

Book ID
117470384
Publisher
Elsevier Science
Year
1999
Tongue
English
Weight
189 KB
Volume
60
Category
Article
ISSN
0304-3878

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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