Key Principles of co-operation, namely open membership, democratic control, equal voting rights, not-for-profit orientation, localized operations, and personalized services contribute to the strength of co-operative financial institutions. However, mobilization and management of capital in...

Due to the traditional operational model of cooperative banks which is mostly based on financial intermediation, the range of a local bank’s social influence in a given environment is highly dependent on the money transfer balance, that is using local money to satisfy local needs. A typical...