UDTR Global Rights of Nature Radar

Democratizing Finance: A Proposal for Community-Driven Microbanks to Address Local Needs

Identification

Public canonical key

radar:r-0ddf8198bdf7d233a4e36d7bcc67505b

Authors

Ceyhun Elgin

Reported year

2026

Reported language

en

Source type

article

First detected

2026-11-14T02:00:18.993315+00:00

Last metadata observation

2026-11-14T02:00:18.993315+00:00

Last HTTP verification

Not checked

Institutions reported by the source

Boğaziçi University

Reported affiliation countries

TR

Documentary abstract — original language

This article introduces a model of public banking that creates community-driven microbanks (CDMs) to address local socioeconomic needs. Unlike traditional public banks, CDMs are based in small communities, where residents actively participate in management and decision-making. These microbanks are proposed as a potential mechanism to help close the gap between the current financial system and underserved populations, particularly in poorer urban and rural areas. CDMs combine elements of participatory budgeting, credit unions, and mutual aid societies, functioning as both state-owned and community-governed institutions. Using digital technologies and blockchain, they may potentially improve transparency, accountability, and efficiency while reducing costs, though implementation challenges remain significant

Identifiers

OPENALEX

https://openalex.org/W7211940244

DOI

10.1080/08911916.2026.2727348

Documentary context

Documentary family

article

Source-reported types

article

Publishers

Taylor & Francis

Entity mentions are not evidence of legal recognition. Jurisdiction studied is separate from author affiliation country.

Sources

OpenAlex · Record 1

• Document · https://doi.org/10.1080/08911916.2026.2727348

Documentary status

Relevance pending

Library

This identity is not yet included in the Legal Library.