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Crédit Mutuel (French pronunciation: [kʁedi mytɥɛl]) is a French cooperative banking group, one of the country's top five banks with over 30 million customers. It traces its origins back to the German cooperative movement inspired by Friedrich Wilhelm Raiffeisen in Alsace–Lorraine under German rule, in the 1880s.
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To access credit women had to open a savings account and be a member of the bank for at least six months. The amount given vary from 100,000 to 200,000 BIF . The interest rate was 8%, low compared to other banks, but CECM did not give loans with terms over nine months, The bank also provided training in capacity building, business management ...
"Mutual credit" (sometimes called "multilateral barter" or "credit clearing") is a term mostly used in the field of complementary currencies to describe a common, usually small-scale, endogenous money system.
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Image credit: Andrew Brookes/Getty Images. This article originally appeared on Medical News Today. Previous studies show that genetics can increase a person’s risk of developing Alzheimer’s ...
Credit union service organizations (CUSOs) are United States corporate entities that are owned by federally insured credit unions and provide services to them. These are often used by credit unions to share common services between several credit unions to create economies of scale. The services are limited by regulation but include ...