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Overview of Rural Banks in the Philippines by Chichay KarenJoy is a document available to read on EtoBox.

What is Overview of Rural Banks in the Philippines about?

Rural banks were introduced in the 1950s to provide credit to small farmers and fishermen. They are organized as stock corporations to serve rural credit needs. They accept deposits, provide loans for agricultural and commercial purposes, and promote rural development. However, many rural banks in the past did not perform well with many farmers failing to repay debts. Rural banks must now adapt to be more responsive to the financial needs of the rural poor.

Author

Chichay KarenJoy

Language

EN