Impact of public transfer on rotating savings and credit associations (roscas): The Indonesia household case

2015 ◽  
Vol 49 (3) ◽  
pp. 205-216
Author(s):  
Mohtar Rasyid ◽  
Elan Satriawan ◽  
Catur Sugiyanto
Keyword(s):  
Credit Associations ◽  
Savings And Credit Associations

Economics of savings-based finance: an interest-free model of rotating savings and credit association in Turkey

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yusuf Dinç ◽  
Rashed Jahangir ◽  
Ruslan Nagayev ◽  
Fahrettin Çakır
Keyword(s):  
Financial Market ◽  
Design Methodology ◽  
Data Set ◽  
Content Type ◽  
Unique Data ◽  
Credit Associations ◽  
Free Model ◽  
Savings And Credit Associations ◽  
Financing And Investment ◽  
Credit Association

Purpose The emerging markets have been witnessing a remarkable revival of rotating savings and credit associations (ROSCAs) serving as alternative informal financing and investment platforms, also known as savings-based finance (SBF) in Turkey. The purpose of this study is to present the SBF model mathematically, analyse the performance of the SBF sector and propose a new Sharīʿah-compliant SBF model for the acquisition of durables. Design/methodology/approach The paper thoroughly reviews the concept and practice of ROSCA across the globe, mathematically models and empirically analyses the performance of Turkish SBF companies using a unique data set. Findings The study formulates a two-person SBF model and proposes a Mudarabah-Wakalah hybrid model with a new investment feature. It is found that the concept of ROSCA is being operationalized in 105 countries across the globe under different names with slight business model modifications. The research also reveals that the demand for financing of durables in Turkey significantly increased in recent years with the demand for housing is twice greater compared to vehicles. Most importantly, a strong significant inter- and intra-comovement is observed between these durables implying that the success of the sector in one segment has attracted the customers to other SBF products. It shows that the SBF institutions can effectively serve as the alternative financing houses for pooling savings and financing the durables, and they have strong potential to capture a larger financial market share in Turkey and even globally. Originality/value The study constructs mathematical models and proposes a new investment wing to an existing SBF wealth fund.

Banquet Banking: Gender and Rotating Savings and Credit Associations in South China

2000 ◽  
Vol 161 ◽  
pp. 142-170 ◽  
Author(s):  
Kellee S. Tsai
Keyword(s):  
South China ◽  
Credit Associations ◽  
Savings And Credit Associations ◽  
Far Eastern

The thirty members of Mr. Chang's society were asked to meet at his house on the 18th of the seventh month. As they were coming at his request and were going to help him with his need for funds. Mr. Chang provided a feast for his friends. A feast was served at all subsequent meetings of the [credit] society, but after the first meeting each member paid his share of the expense. (Sidney D. Gamble, “A Chinese mutual savings society,”Far Eastern Quarterly, No. 41 (1944), p. 41)

Women’s Power and Community Resilience Rotating Savings and Credit Associations in Barbados and the Bahamas

2014 ◽  
Vol 42 (1) ◽  
pp. 45-69 ◽  
Author(s):  
Brent W. Stoffle ◽  
Richard W. Stoffle ◽  
Jessica Minnis ◽  
Kathleen Van Vlack
Keyword(s):  
Community Resilience ◽  
The Bahamas ◽  
Women's Power ◽  
Credit Associations ◽  
Savings And Credit Associations

Changing patterns of risk management by self-help organizations of savings and credit: the Nigerian experience

2008 ◽  
Vol 58 (Supplement) ◽  
pp. 42-57
Author(s):  
Hans Dieter Seibel
Keyword(s):  
Risk Management ◽  
Commercial Banks ◽  
Comparative Perspective ◽  
Self Help ◽  
Credit Associations ◽  
Savings And Credit Associations ◽  
Changing Patterns

This article examines the Nigerian experiments of attempting to modernize indigenous savings and credit associations and of linking them to commercial banks. In a first part historical forms of self-help organizations are presented in a comparative perspective as they emerged in Germany. In a second part the various experiments in Nigeria during the last sixty years are presented. The article comes to the concluding observation that until today in Nigeria only the traditional esusu-type self-help organizations offered at least some opportunities for risk management, while cooperatives and banks largely failed in that respect.

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