Finance and Financial Management Commons^™

An Expanding Financial Sector: Continuity And Change Among Dhikur Groups In Lower Mustang, Anna Misenti

Independent Study Project (ISP) Collection

The Thakali people of lower Mustang have a long history of economic success fostered through community systems that function due to cooperation, but are also characterized by competition. One of these traditional systems is dhikur , a system of rotating credit composed of approximately twenty members. This study examines the roles of traditional savings and credit institutions within communities in lower Mustang in the context of the emergence of private financial institutions in Jomsom over the last ten years. My research displayed the strength of these community based organizations in the face of a private financial sector where organizational requirements …