The government has been actively encouraging the development of credit unions to help the financially excluded. However, rather than stimulating credit union development, government grants can erode the community self-help ethos on which credit unions are founded. Policies should be formulated which encourage credit union development based on a membership drawn from a cross-section of the population.
ASJC Scopus subject areas
- Sociology and Political Science
- Public Administration
- Business, Management and Accounting(all)