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Title: <Articles>Savings Groups and Rural Financial Markets: Japanese and Thai Experiences
Authors: OHNO, Akihiko
Author's alias: 大野, 昭彦
Keywords: Japan
Thailand
Laos
excess funds
market integration
Issue Date: Mar-2015
Publisher: Center for Southeast Asian Studies, Kyoto University
Journal title: Southeast Asian Studies
Volume: 3
Issue: 4
Start page: 15
End page: 38
Abstract: Savings groups/credit unions serve as a financial intermediary within a village by mobilizing savings from rural households and extending loans to them. This system often encounters an issue of excess funds when total savings exceed loan demands within a credit union. In Thailand rural financial markets created by savings groups are segregated not only from those created by other savings groups but also from formal financial markets. Excess funds become a critical issue for some savings groups and hinder their development. On the other hand, in Japan, the market integration with respect to excess funds was pursued by organizing segregated rural credit markets (horizontal integration) and aligning rural credit markets with formal financial markets (vertical integration). This paper discusses the contrasting evolutionary paths of Japanese credit unions and Thai savings groups to offer practical insights for Lao savings group movement.
Rights: ©Center for Southeast Asian Studies, Kyoto University
URI: http://hdl.handle.net/2433/199241
Appears in Collections:Vol. 3, Supplementary Issue

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