Establishing community credit union

In Colombia in 1964 the Social Progress Co-operative began with a group of 26 women -- each saving less than one third of a cent at a time. Twenty-five years later the cooperative had a portfolio of US$409,477, with hundreds of projects successfully completed.

1. Revitalizing community structures
2. Improving access of rural poor to credit
3. Enlarging community credit base
4. Creating rural banking systems
5. Creating nonprofit financial institutions for sustainable development

1. Supplying local investment capital
2. Building intersectoral housing partnerships

1. Promoting cooperative savings
2. Generating community investment fund

1. Union
2. Discredit
3. Credit
4. Community
5. Anticommunity