1. Roscas and Microcredit Lending
There are other ways of saving money or investing it rather than the modern way of using banks and investment companies. Organisations such as micro lending and Roscas make it possible for people in mostly third world countries save their money. ... They mostly focus on lending money and saving is also included. These two forms of organisation involve paying a certain amount of money into a fund that is accessible to everyone periodically. ... Therefore, where money only helps the individual household of the owner, livestock helps the whole community of a Lesotho village (Ferguson, 1985)....
- Word Count: 869
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate