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Credit Unions in Chile: What is their Role?

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  • Antonio Lemus

    (EconomiX - EconomiX - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique)

  • Cristian Rojas

Abstract

This paper questions the role that credit unions play in the Chilean financial system, particularly if they allow financial inclusion. For this purpose, using unique statistical information existing at the CMF, the credit and savings behavior of credit unions' members is studied, with granularity at the individual level. The results indicate that credit unions effectively contribute to financial inclusion, providing financial services mostly to people with low incomes, elderly, women, and inhabitants of small communities, far from the large urban centers.

Suggested Citation

  • Antonio Lemus & Cristian Rojas, 2019. "Credit Unions in Chile: What is their Role?," Working Papers hal-04141864, HAL.
    • Handle: RePEc:hal:wpaper:hal-04141864
    Note: View the original document on HAL open archive server: https://hal.science/hal-04141864
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    References listed on IDEAS

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    1. Nathanael OJONG, 2014. "Credit Unions As Conduits For Microfinance Delivery In Cameroon," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 85(2), pages 287-304, June.
    2. Jones, Paul A., 2008. "From tackling poverty to achieving financial inclusion--The changing role of British credit unions in low income communities," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(6), pages 2141-2154, December.
    3. Barham, Bradford L. & Boucher, Stephen & Carter, Michael R., 1996. "Credit constraints, credit unions, and small-scale producers in Guatemala," World Development, Elsevier, vol. 24(5), pages 793-806, May.
    4. Biron Miguel & Felipe Córdova & Antonio Lemus, 2019. "Banks’ Business Model and Credit Supply in Chile: The Role of a State-Owned Bank," EconomiX Working Papers 2019-11, University of Paris Nanterre, EconomiX.
    5. Adolfo Barajas & Leonardo Luna & Jorge Restrepo, 2008. "Macroeconomic Fluctuations and Bank Behavior in Chile," Revista de Analisis Economico – Economic Analysis Review, Universidad Alberto Hurtado/School of Economics and Business, vol. 23(1), pages 21-56, Diciembre.
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    Cited by:

    1. Bergoeing, Raphael & Piguillem, Facundo, 2022. "Cooperatives versus traditional banks: the impact of interbank market exclusion," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.

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    More about this item

    Keywords

    credit unions; financial inclusion; credit;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • P13 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Cooperative Enterprises

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