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Connecting The Disconnected (Record no. 567579)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 03275nam a2200181Ia 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 250103s9999 xx 000 0 und d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER | |
| ISBN | 9780821398340 |
| Paper back/Hardbound | pbk |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | eng |
| 082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 384.5 |
| Item number | NIA |
| 100 ## - MAIN ENTRY--AUTHOR NAME | |
| Personal name | Niang, Cecile T |
| 245 #0 - TITLE STATEMENT | |
| Title | Connecting The Disconnected |
| Statement of responsibility, etc | Cecile T Niang |
| Sub Title | : Coping Strategies of the Financially Excluded in Bhutan |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Name of publisher | World Bank, |
| Year of publication | 2013 |
| Place of publication | Washington, D.C |
| 300 ## - PHYSICAL DESCRIPTION | |
| Number of Pages | xiii, 85 cm |
| Other physical details | ill.; |
| Dimensions | 25 cm |
| 504 ## - BIBLIOGRAPHY, ETC. NOTE | |
| Bibliography, etc | Includes bibliographical references |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | Connecting the Disconnected' presents the findings of the field research designed to evaluate financial practices and strategies among urban and rural Bhutanese households. The study was commissioned in 2012 by the Royal Monetary Authority of Bhutan and the World Bank to provide qualitative evidence to the country's Financial Inclusion Policy. The book explores where, how, and why diff erent demographic groups save, borrow, send remittances, and insure themselves; it also evaluates the potential for innovations to extend fi nancial inclusion. Analysis of results from focus group discussions and in-depth interviews reveals three key patterns: Bhutan is a cash-based economy where households have a vibrant, if informal, savings and lending culture; rural areas are particularly underserved by formal fi nancial services; and women and youth represent an untapped market segment. The book reveals a demand for financial services with less complex and time-consuming banking procedures than are currently off ered-in particular, small, periodic savings and loan services; more accessible deposit and withdrawal services; and flexible loan requirements. In response to the demand for saving locally and in small amounts, group savings schemes and cooperatives are slowly emerging in Bhutan. These could serve rural communities until households become integrated into the formal financial system, though support and capacity building will be critical to ensure that savings are protected. Households struggle with banks' requirements and procedures and turn instead to informal lenders. Even households with some access to the formal fi nancial sector continue to use informal financing. The findings highlight a need for formal microfinance services providing small group and individual loans with flexible repayments. Savings strategies and attitudes suggest that Bhutanese households could benefit from financial literacy education. More effective consumer protection is also needed. For instance, dispute resolution that is easily accessed would increase trust in the financial sector. Also, the spread of mobile phone banking has been constrained by the limited mobile banking technology in use and low English-language literacy. However, the widespread use of mobile phones suggests that innovative technology could create new opportunities. Other innovative strategies worth considering include branchless banking to improve fi nancial access in remote areas. Finally, use of insurance services appears to be limited by a lack of knowledge. Remittances are used to send money both within Bhutan and abroad, but many rural communities lack access to formal remittance services and must rely instead on informal-and often expensive-options. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical Term | Ecomomics |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | English Books |
| Withdrawn status | Lost status | Damaged status | Not for loan | Home library | Current library | Shelving location | Date acquired | Cost, normal purchase price | Full call number | Accession Number | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Anna Centenary Library | Anna Centenary Library | 4TH FLOOR, B WING | 24.10.2024 | 1838.76 | 384.5 NIA | 699287 | 03.01.2025 | Reference | ||||
| Anna Centenary Library | Anna Centenary Library | 4TH FLOOR, A WING | 24.10.2024 | 1838.76 | 384.5 NIA ;1 | 699288 | 03.01.2025 | Reference |