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Presentation Title

Alternative Financial Services in Latin America

Student Presenter(s) and Advisor

Craig Da Silva, Lake Forest CollegeFollow

Location

Young 320

Abstract

In Brazil, Ecuador, Peru, and other Latin American countries, between 60 and 80 percent of the adult population do not have formal banking services. As a result, I find that a variety of informal financial services exist in these countries to facilitate business activities and personal expenditures. Rotating savings and credit associations (RoSCAs), with names such as pandero and tanda, serve the saving and borrowing needs of people. In addition, village savings and loan associations (VSLAs), facilitated by various development organizations, provide a wider range of financial services to create business opportunities and enhance community development.

Presentation Type

Individual Presentation

Start Date

4-8-2014 2:40 PM

End Date

4-8-2014 3:40 PM

Panel

Panel: Alternative Financial Services in Cross-Cultural Settings

Field of Study for Presentation

Economics, International Relations

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Apr 8th, 2:40 PM Apr 8th, 3:40 PM

Alternative Financial Services in Latin America

Young 320

In Brazil, Ecuador, Peru, and other Latin American countries, between 60 and 80 percent of the adult population do not have formal banking services. As a result, I find that a variety of informal financial services exist in these countries to facilitate business activities and personal expenditures. Rotating savings and credit associations (RoSCAs), with names such as pandero and tanda, serve the saving and borrowing needs of people. In addition, village savings and loan associations (VSLAs), facilitated by various development organizations, provide a wider range of financial services to create business opportunities and enhance community development.