[x] Close

Download Link

Keep up with SEEP!

Sign up for our email list and you'll be the first to know about latest news, blog posts, events & new worldwide initiatives from SEEP and its members

Village Financial Systems in North East India Image

Promoting Inclusive Markets and Financial Systems

Village Financial Systems in North East India

Village Financial Systems in North East India

Summary

Villagers in Lower Assam are pioneers in informal finance. In nearly 4 decades of ASCA history in the two villages studied here, they have developed ‘term deposit ASCAs’ and ‘retirement ASCAs’ to supplement the more familiar recurring deposit ASCAs. The average household belongs to 5 ASCAs – suggesting the importance for households of diversifying across groups. Because many ASCAs extend up to 5 years, educated villagers active in the movement audit the accounts annually for a small fee.

Get our e-newsletter The Monthly Networker & you'll be the first to know about latest news, blog posts, events & new worldwide initiatives.
Like Us on Facebook Follow Us on Twitter RSS Feed
© Copyright 2016 SEEP Network. All Rights Reserved