Friedrich Raiffeisen Credit Cooperatives

The cooperative philosophy is far from new however.

Friedrich raiffeisen credit cooperatives. What can we learn from the business model of raiffeisen s first credit cooperative. Friedrich wilhelm raiffeisen and his work. Template infobox person friedrich wilhelm raiffeisen may 3 1818 hamm sieg march 11 1888 heddesdorf currently known as neuwied germany was a german cooperative leader. Here is a brief overview of his life and achievements.

Our interest in microfinance and microinsurance goes back to the history of our own company. Mayor of westerwald 1845 1865 raiffeisen was born on 30 march 1818 in the. From 1845 he was mayor of weyerbusch westerwald. Following his military service raiffeisen served as mayor of weyersbusch 1845 1848 then of flammersfeld 1848 1852 and finally of heddesdorf 1852 1865.

Friedrich wilhelm raiffeisen is the man behind the creation of these cooperatives. German rural cooperatives friedrich wilhelm raiffeisen. His influence if any on cooperative law is even less known than that of his contemporary and compatriot karl marx also born in 1818 and whose economic theories might have contributed. His idea for a rural credit cooperative laid the foundation for various banks throughout the world including rabobank.

And the organization of trust. Friedrich wilhelm raiffeisen the founder of the credit cooperative was born a long time ago. A man with ideas friedrich wilhelm raiffeisen was born in 1818 in the german town of hamm. Cooperative law friedrich wilhelm raiffeisen and cooperative law.

The cooperatives friedrich wilhelm raiffeisen was born in 1818 in hamm sieg and died in 1888 in heddesdorf now part of modern day neuwied. Several credit union systems and cooperative banks have been named after raffeisen who pioneered rural credit unions. In 1869 after inspiring the creation of close to one hundred credit unions in germany raiffeisen set up a central clearing house and then a federation in 1877. In 1863 friedrich wilhelm raiffeisen retired from public service but continued his work visiting rural communities and neighbouring countries of germany.

Born in 1818 in hamm germany raiffeisen came from a family of small farm operators in the rheinland. To the savings and credit cooperatives that improved the fate of poor farmers in belgium in the 19th century. Initially they were small raiffeisen type credit cooperatives. Working as a labourer from a young.

Our very existence is based on his ideas about cooperative. Contents show life he was mayor of several towns. Credit for productive and consumption purposes. Friedrich wilhelm raiffeisen was a leading figure in the development of financial cooperatives both in europe and around the world.