Title: Sharing the Risk of Being Poor: Communal Saving Games in Bangkok
Article in: Journal of the Siam Society, Vol. 66, Part II
Authors: Shlomo Angel, J.H. de Goede, Ramon C. Sevilla
First published: July 1978
Overview: When the commercial or government forms of credit are inaccessible, poor people are found to establish credit mechanisms amount themselves. Throughout the developing world, people share the risk of lending money to each other by forming small credit societies where periodic savings of all members go to one of the members on a rotating basis. Our interest in studying the social and economic organization of poor urban communities, particularly with respect to mutual aid in housing finance, has led us into a detailed investigation of this phenomenon.