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Church-based Credit Cooperatives in Germany
Machauer, Achim and Schiereck, Dirk, "Church-based Credit Cooperatives in Germany" . Annals of Public & Cooperative Economics, Vol. 75, No. 2, pp. 319-337, June 2004 Abstract: The traditional business focus of credit co-operatives is locally oriented and business success is explained by the efficient way to induce monitoring of borrowers. Church-based credit co-operatives in Germany are not that locally oriented but were extraordinary successful over the last decades. First, this analysis describes the special characteristics of church-based institutions compared to other credit co-operatives. This part is based on a historical backward glance, an analysis of annual reports and a survey on their business policy. Second, we discuss the special characteristics of church-based credit co-operatives to explain the business success in a broader context and to understand the perspectives of credit co-operative banking beyond the local orientation. Go to article
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Here are some quotes from our visitors about loving god:
... because he first loved us and sent his son to die on the cross for us to save us from our sins. Without that first act of love, we would be incapable of loving him.
... because I want to feel suffering when i am near those who are suffering, and try to give them some comfort. It's feel's great to be able to give.
... because they only want the things of the flesh, the eye candy, the riches, the pride, the wealth for its own sake.
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