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About: Bond of association     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:SocialGroup107950920, within Data Space : dbpedia.org associated with source document(s)

Type: yago:WikicatCooperativesyago:WikicatCreditUnionsyago:Abstraction100002137yago:CommercialEnterprise108065093yago:Cooperative101100877yago:CreditUnion108234628yago:DepositoryFinancialInstitution108420278yago:Enterprise108056231yago:FinancialInstitution108054721yago:Group100031264yago:Institution108053576yago:Organization108008335yago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntityroadyago:SocialGroup107950920 New Facet based on Instances of this Class

The (common) bond of association or common bond is the social connection among the members of credit unions and co-operative banks. Common bonds substitute for collateral in the early stages of financial system development. Like solidarity lending, the common bond has since played an important role in facilitating the development of microfinance for poor people. In modern financial systems, common bonds remain a key building block, especially for the strategic networks that underpin many of Europe’s co-operative banks.