In
an effort to provide cheap credit, credit cooperatives should make all
possible efforts to reduce the cost of their work unit. One
of the techniques that reduce the cost of the system is a free service
provided by Raiffeisen camaraderie built in principle (15, p. 104). Purpose
loans, as already mentioned, be productive, size - fit purpose, but try
not to open up a member of the credit for not more than 6 months. For longer term loans are in special circumstances and only if the company has a special long-term capital for the loan. The main types of its provision are: - A personal trust participant loan taker; - Bail him of another party; - The security of the product or livestock. Credit Cooperative Board has the right to check whether the money was issued by the appointment, which is provided. Means credit partnership composed of: • capital company; • reserve capital of the partnership; • Special capital, in particular long-term loan capital; • loans, makes the partnership; • deposits passed partnership in different conditions; • Money held in the partnership. Fixed
assets may consist of shares for members of the partnership, but,
according to the principles of F. Raiffeisen, it is usually taken in the
form of debt in the long-term loan, which gradually covered the annual
deduction from profits of the partnership. With
this method the formation of fixed capital it through several years of
partnership grows as social capital accumulated in the process of his
work. Reserve
capital formed a partnership to deploy gradually work through
deductions from profits and serves as collateral for all obligations of
the partnership and to cover potential sources of accidental loss. Special capital created for various special purposes, or by way of special loans or payments, fees and donations. From the accounts of the partnership, they may eventually be used in the credit purposes. Loans made by the partnership in the event of a lack of funds from other sources. Deposits of the population - the main source of funds for the cooperative credit. The population, members of the comrades ¬ ety and everyone locals pass free money on deposits. Population, making the strength of the cooperative organizations and trusting them, sends a small percentage of their savings.