What is the populaire caisse?

Caisse Populaire means "Folk Bank" in French and is interchangeable with the English term "cooperative Union". Populaire Caisse is mainly used in France and French -speaking areas such as Canada and some parts of Africa. The credit credit union is a type of financial institution that focuses on the benefits of members of profit and expansion. It differs from banks in two key ways-the-grinding credit union is the ownership of its members rather than a secondary society and is generally a non-profit organization. The advantages of these two differences are reflected in higher interest rates and lower loans rates.

These institutions began in Europe in the mid -18th century, but the first in North America was Caisse Populaire de Lévis in Canada Quebec. This populaire Caisse opened in 1901 and quickly became a preferred bank method for many Canadians. In fact, Canadians use more cooperatives per capita than any other place in North America.

Backup cooperatives provide very SIMILA services for a standard bank. Normal savings accounts, account checks, etc. are available via a credit union. In most cases, the institution is managed by the Board of Directors and members may vote on many decisions. Members receive one vote regardless of the amount of money invested and create the same field for all members.

Often, Caisse Populaire re -invests his money in the community in which it works. This supports the idea that its members work as a team to improve the local way of life. Some credit unions are so large that the locals take new meaning and help specific states or provinces as a whole than individual communities.

Due to their ideals focused on members and their uniform equality, the cooperative credit unions are in the foreground of the economy of microfinance. Microfinance focuses on people with little money or access to financial withLužbám. These people aneelze to create sufficient financial strength to raise themselves from poverty. While some cases can be found in North America, most of these types of teams are in the third world.

The Populaire Caisse principle to help the community strongly applies to this group. These organizations specialize in microtransactions. These loans are not generally no more than a few hundred US dollars (USD), but they can give the person the opportunity to start business or devote themselves to education.