Suchergebnisse

Mutual savings and loan societies played an important role in social and economic life in nineteenth-century Ireland yet, to date, they have been overlooked by economic historians of the island. This article addresses this lacuna by providing an overview of the history of Friendly Society Loan Funds (FSLFs) and Building Societies. It finds that there were a variety of savings strategies in urban Ireland and concludes that the economic function of these mutual institutions sheds light on other aspects of Irish history, such as Loan Fund Societies (LFSs), savings banks and cooperative banks.

Appendices: A. Uniform savings and loan act. B. Federal savings and loan legislation and charter. ; "First printing, November, 1938." ; "Suggestions for further reading" at end of each chapter. ; Mode of access: Internet.

This study applied the paired t-test and logistic regression analysis to assess the impacts of the rural SACCOS' loans on borrowers in Tanzania where 431 borrowers from 37 rural SACCOS in Morogoro, Dodoma and Kilimanjaro regions were involved. The study noted that 73.5% of the rural SACCOS' borrowers in Tanzania (P<0.01) realized the improvement of their livelihood on education and health, physical assets, crop yields and business capital. The study registered the increase of 50% to 200% of minimum and maximum value of the impacts variables after taking loans and the study noted that the high impacts of loans and low default rate for borrowers were positively related. This study recommends the following: borrowers should use credits risks mitigation techniques to reduce the amount of defaulted loans such as covering their business activities with insurance to minimize the credits risks, use loans according to the conditions stipulated in contracts, avoids multiple borrowing and the SACCOS should be keen in processing and followup of overdue loans. Moreover, the supervisory and regulatory role played by government of Tanzania to promote the rural SACCOS should be sustained.

THE ROOTS OF THE SAVINGS AND LOAN DEBACLE LIE IN OVERREGULATION OF THE INDUSTRY RESULTING FROM THE ATTEMPT TO PROMOTE WIDESPREAD HOME OWNERSHIP. ACTIONS BY POLICYMAKERS UNABLE TO ADMIT EARLIER MISTAKES COMPOUNDED THE PROBLEM THROUGHOUT THE 1980S. ATTEMPTS BY POLITICAL DECISIONMAKERS TO SHIFT BLAME TO THE PRIVATE SECTOR, COUPLED WITH A FAILURE TO ACKNOWLEDGE THE INSTITUTIONAL PRESSURES THAT LED CONGRESSMEN AND S&L OWNERS AND MANAGERS TO ACT AS THEY DID, LEAVE TAXPAYERS VULNERABLE TO THE REPETITION OF S&L-TYPE CRISES IN OTHER INDUSTRIES.