{"title":"Conclusion","authors":"Caroline Shenaz Hossein, M. Kinyanjui","doi":"10.1093/oso/9780198865629.003.0012","DOIUrl":"https://doi.org/10.1093/oso/9780198865629.003.0012","url":null,"abstract":"Most people in the Global South have had only non-capitalist experiences of solidarity and reciprocity. The message is that they are among the originators of community economies, exceling in humanizing the economy even when risky to do so. It is around the issue of politics that contextualizing theory is crucial to explaining community economies. Having the lived experience of community economies helps to make credible the claims for why we should acknowledge such other economic systems. This legacy of economic cooperation is preserved by the people of the Global South, who are often wrongly viewed as being on the receiving end of aid and incapable of their own emancipation. These cases show the lived experience and knowledge making cooperators are doing the world over. Global South people are remaking the economy long before any capitalist-versus-communist binaries took hold–using their own indigenous systems. There is a need for scholarship concerned about inequities and remaking economies to draw on empirical work first, and then to ensure the theories are reflective on the community (not imposing Western ideas for Global Majority people). Rotating savings and credit associations (ROSCAs) and other cooperatives show that informality can advance people’s livelihoods, and they are effective forms of business. The antidote to a marketplace that pressures people to conform to individualized capitalist projects is the collective, the ROSCA, and other cooperative systems. The cases on ROSCAs in this book are far from perfect, but they are witness to the worldliness of cooperatives of people in the Global South who are focused, in a conscious and politicized manner, on equity, social purpose, and preservation.","PeriodicalId":300977,"journal":{"name":"Community Economies in the Global South","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122025849","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Learning About Money Cooperatives","authors":"B. Roman, S. Adam, Ana Paula Saravia","doi":"10.1093/oso/9780198865629.003.0002","DOIUrl":"https://doi.org/10.1093/oso/9780198865629.003.0002","url":null,"abstract":"Women in Lima, Peru, are involved in informal banking systems, known as rotating savings and credit associations (ROSCAs). In Peru, these systems are called Tandas or Juntas, and they are the traditional money systems, rooted in cooperative principles, that enable women to overcome obstacles in their local environment. In this chapter, the authors draw on J. K. Gibson-Graham’s ideas of community economies to understand surveys from the field and interviews with Junta participants in Lima, as well as to cite local scholarship to fill in the cultural gaps. The finding reveals that Juntas are a deliberately informal cooperative system based on reciprocal relations and trust between the members. And that members do not require any collateral to belong to a Juntas. Further analysis of the data shows that the personal relationships created and maintained in Juntas to finance women-owned small businesses are extremely important, especially at the start-up stage of a business, and this loyalty is remembered by Juntas members. These Juntas are also increasingly transnational and move with the Peruvian diaspora to other parts of the world, where they have merged with similar practices as immigrant communities meet and intermingle. This backdrop of globalization, coupled with emerging technologies, adds a new dimension to research into the general idea of informal credit and savings associations.","PeriodicalId":300977,"journal":{"name":"Community Economies in the Global South","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126751470","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}