Skip Navigation


Community Development Journal Advance Access originally published online on September 13, 2005
Community Development Journal 2007 42(2):194-205; doi:10.1093/cdj/bsi097
This Article
Right arrow Full Text
Right arrow Full Text (PDF)
Right arrow All Versions of this Article:
42/2/194    most recent
bsi097v1
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by Andranovich, G.
Right arrow Articles by Riposa, G.
Right arrow Search for Related Content
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

© Oxford University Press and Community Development Journal. 2005 All rights reserved. For permissions, please email: journals.permissions@oxfordjournals.org

Community banking and economic development: Lessons from Los Angeles

Greg Andranovich, Ali Modarres and Gerry Riposa

Address for correspondence: Greg Andranovich, Professor of Political Science, College of Natural and Social Sciences, California State University, 5151 State University Drive, Los Angeles, CA 90032-8226. email: gandran{at}calstate.edu

Among the changes in the field of community development is the growing importance of microfinance, both to provide access to credit and as a vehicle for empowerment. Community banks are recognized for their role in meeting these goals, although they remain controversial, as the goals of microfinance are not always agreed upon, with government officials and community members emphasizing different interests. We examine the Los Angeles Community Development Bank to glean further lessons regarding the role community banks can play in community development. Among the lessons from this experience are that politics are inescapable in the design of community banks; the economics of banking tends to undervalue community needs; and cultural factors include both professional and community-level challenges. Accounting for these factors can help community banks empower communities to meet the challenges of eliminating poverty.


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?




Disclaimer: Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.