Cooperative Loan Funds, institutions created by both the public and the private sector to break the vicious cycle of poverty and joblessness by providing difficult to access finance while promoting the cooperative style of organization, exhibit varying complex behavioral modes characteristic of dynamic systems. To enhance understanding of generic loan fund dynamics, an archetype model was created using two instances of loan funds: the publicly instituted Industrial Common Ownership Fund (ICOF), and the self-organized North-Country Cooperative Development Fund (NCDF). Model assumptions, mathematical structure, and reasoning are then given in detail in preparation for analysis. Policy space is explored and synthesized leading to a set of superior operating policies that serve to create a loan fund organization that embodies both dynamic growth strategies and robustness in terms of maintaining original lending focus.
Worcester Polytechnic Institute
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Social Science and Policy Studies