Local-level finance takes a number of forms, when defined as monetary-value resources that are created and managed with the involvement of communities. Three types of local-level finance are suggested, reflecting differing scales of operation, which range from individualised household savings to citywide development funds. The following section identifies the key characteristics of each type and how they are used to support housing, basic service infrastructure and environmental improvements. Local-level finance is categorised, broadly, into three types:
Individual/household finance and savings schemes: where input and benefit is individually accrued,
Group savings and credit schemes: where individuals make contributions as members of...