Collaborating with Congregations: Opportunities for Financial Services in the Inner City

Foundation, Larry, Tufano, Peter and Walker, Patricia (1999) Collaborating with Congregations: Opportunities for Financial Services in the Inner City. Harvard Business Review, 77 (4). pp. 57-68.

Abstract

This article suggests that by pooling the resources of the poor and by sharing information, religious and financial institutions can work together to change the inner-city economy of Los Angeles, California. The article discusses how inner cities face two core impediments to financial services, which are a lack of economies of scale and a lack of good information. The authors believe that understanding that functions need to dictate the structure of the financial service sector may be the first step toward achieving inner-city prosperity. It is suggested that a strong economic capital can strengthen the social capital that binds the community together.

Item Type: Article
Keywords: religious organizations; poverty; economic development; inner cities
Date Deposited: 19 Oct 2011 14:14
Last Modified: 14 Aug 2015 13:04
URI: http://eureka.sbs.ox.ac.uk/id/eprint/921

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