A community banking is a membership-based, decentralized and self-help financial institution. Until recently, an area of relative neglect in the formal conception of the supply of
financial services is the concept of decentralized financial services. The decentralized concept refers to financial services that are organised by the local community. This is
the essence and origin of financial intermediation. It normally emphases a savings
first approach. Slow growth and social capital are implied in starting and organizing such a system. It further implies local control, or member control over the activities
of these institutions. Member control also includes mutual monitoring of activities by
members. Activities refer not only to the handling of cash, but also to the
management of investments by borrowers. In essence these systems address the core
of all issues in financial transactions and markets; it improves information flows, thus
improving the quality of decisions
Our Benefits:
- Free Funeral cover
- Part owner of the bank - Earned interest
- Borrowing cash - low interest (5%)
- Dividends to all shareholders
- Earn from other businesses generating income
- As we buy other businesses, you become a shareholder of those businesses
- Internet Banking
- Secured banking
- Community projects
