The Role of Solidarity Finance in Sustainable Local Development in Ecuador

[Editor's note: While unable to find additional information (in English) about the community funds this article examines, from what the authors writer here they appear to be self-funded, member-managed revolving loan funds, closely monitored and regulated by the national government, that seek to realize the benefits of small scale lending while avoiding the well known pitfalls of privatized "microfinance." According to the authors, these funds have been successful in supporting the creation of cooperatives in their areas, and rely on high levels of trust and personal relationships for their successful operation. Readers with further information on these community funds are encouraged to drop us a line at editors@geo.coop ]

Full screen