Mutual Banks

Within the activity of the banks a lot of different banking compositions, and financial figures can be found that accommodates that within the banking world have so many possibilities of action, with the idea that people can adjust more easily to a service that meets your needs to the greatest extent possible. One of those figures who are part of the banks, are mutual banks, which have a special figure, which differentiates them from the the vast majority of banks to provide their services in a special way. The main feature of the mutual banks and what makes them special, is that the relationship that handles this type of banks is not based as most banks through a verification of the financial capacity of a person, i.e. in the fulfilment of requirements of economic character, but that link is plotted between mutual banks and their customers occurs thanks to a relationship of trust and also in the reciprocity, with evidenced that the vision of mutual banks more to be capitalist in nature, seeks to address more collaboration for people and her look of a well-being both individual and social, so much so that within the mutual banks is very common to find financial figures as social credit. The presence of mutual banks in the financial world is largely due to the thought of Pierre-Joseph Proudhon, who stroke the principles and bases of this figure by an anarchist intellectual thought, which had as economic manifestation Mutualism and which gave room to the mutual banks. Within the figure of mutual banks, depositors that are part of the entities working in this mode, besides being depositors also are owners of mutual banks to which they belong or are majority shareholders, then in a same head presents the quality of owner and recipient of loans.

One of the major consequences generated in mutual banks to reside in a single person 2 positions, is that within the activity of mutual banks not occurs or there are no any kind of capitalist intermediaries. They can be found among some manifestations of the mutualist Bank: credit unions own of late 19th century and beginning of the century XX present in some parts of Europe, which as autonomous, voluntary and directed associations democratically, must meet the needs and aspirations of its members. Hispano-American areas, mostly in Argentina are mutuals, which are entities without profit, where everything is governed by principles of solidarity and mutual aid, where it seeks to have access to services in a manner more you comota and easy, such as credits, for which the members of this manifestation of mutual banks contribute to the financing of the institutionThus with capital that meet all you can provide financial services to those who request it.