Cooperative and Rural Banks
Rural and cooperative banks are the more popular type of banks in the rural communities. Their role is to promote and expand the rural economy in an orderly and effective manner by providing the people in the rural communities with basic financial services. Rural and cooperative banks help farmers through the stages of production, from buying seedlings to marketing of their produce. Rural banks and cooperative banks are differentiated from each other by ownership. While rural banks are privately owned and managed, cooperative banks are organized/owned by cooperatives or federation of cooperatives.
A rural bank has the power to provide adequate credit facilities to farmers and merchants or to cooperatives of such farmers and merchants and, in general, to the people of the rural communities of which the rural bank operates in.
Read more about this topic: List Of Banks In The Philippines
Famous quotes containing the words cooperative, rural and/or banks:
“Then we grow up to be Daddy. Domesticated men with undomesticated, frontier dreams. Suddenly life—or is it the children?—is not as cooperative as it ought to be. It’s tough to be in command of anything when a baby is crying or a ten-year-old is in despair. It’s tough to feel a sense of control when you’ve got to stop six times during the half-hour ride to Grandma’s.”
—Hugh O’Neill (20th century)
“No, in your rural letter box
I leave this note without a stamp
To tell you it was just a tramp
Who used your pasture for a camp.”
—Robert Frost (1874–1963)
“Its whether will ye be a rank robber’s wife,
Or will ye die by my wee pen knife?
Its I’ll not be a rank robber’s wife,
But I’ll rather die by your wee pen knife.
He ‘s killed this may and he ‘s laid her by,
For to bear the red rose company.”
—Unknown. Babylon; or, The Bonnie Banks o’ Fordie (l. 9–14)