Friedrich Wilhelm Raiffeisen

Information about Friedrich Wilhelm Raiffeisen

Friedrich Wilhelm Raiffeisen (May 3, 1818, Hamm (Sieg) - May 11, 1888, Heddesdorf, currently known as Neuwied, Germany) was a German cooperative leader.

Life

He was mayor of several towns: from 1845 he was mayor of Weyerbusch/Westerwald; from 1848 he was mayor of Flammersfeld/Westerwald; and finally he was mayor of Heddesdorf from 1852 until 1865.

Works

Raiffeisen conceived of the idea of cooperative self-help during his tenure as the young mayor of Flammersfeld. He was inspired by observing the suffering of the farmers who were often in the grip of loansharks. He founded the first cooperative lending bank, in effect the first credit union in 1864.

See also

External links

May 3 is the 1st day of the year (2nd in leap years) in the Gregorian calendar. There are 0 days remaining.

Events


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18th century - 19th century - 20th century
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Subjects:     Archaeology - Architecture -
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Hamm is a municipality in the district of Altenkirchen, in Rhineland-Palatinate, Germany. It is situated on the river Sieg, approx. 10 km north-east of Altenkirchen, and 40 km east of Bonn.

Hamm is the seat of the Verbandsgemeinde ("collective municipality") Hamm.
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May 11 is the 1st day of the year (2nd in leap years) in the Gregorian calendar. There are 0 days remaining.

Events

  • 330 - Byzantium is renamed Nova Roma

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8th century - 9th century - 10th century
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Neuwied

Coat of arms Location

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Anthem
"Das Lied der Deutschen" (third stanza)
also called "Einigkeit und Recht und Freiheit"
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A cooperative (also co-operative or co-op) is defined by the International Co-operative Alliance's Statement on the Co-operative Identity as an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and
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A mayor (from the Latin māior, meaning "larger", "greater") is the modern title of the highest ranking municipal officer.

In many systems, the mayor is an elected politician who serves as chief executive and/or ceremonial official of many types of
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Weyerbusch is a municipality in the district of Altenkirchen, in Rhineland-Palatinate, in western Germany.


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The Westerwald is a mountain chain in Germany. It is located on the junction of the states (Bundesländer) of Rhineland-Palatinate, North Rhine-Westphalia and Hesse.
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Flammersfeld is a municipality in the district of Altenkirchen, in Rhineland-Palatinate, Germany. It is situated in the Westerwald, approx. 35 km north of Koblenz.

Flammersfeld is the seat of the Verbandsgemeinde ("collective municipality") Flammersfeld.
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A cooperative (also co-operative or co-op) is defined by the International Co-operative Alliance's Statement on the Co-operative Identity as an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and
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A loan shark is a person or body that offers illegal unsecured loans at high interest rates to individuals, often backed by blackmail or threats of violence. They provide credit to those who are not willing or are unable to obtain it from more respectable sources, usually because
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A credit union is a cooperative financial institution that is owned and controlled by its members. Credit unions differ from banks and other financial institutions in that the members who have accounts in the credit union are the owners of the credit union.
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Franz Hermann Schulze-Delitzsch (August 29, 1808 - April 29, 1883), German economist, was born at Delitzsch, in Prussian Saxony. The place-name Delitzsch was added in 1848 to distinguish him from other Schulzes in the National Assembly.
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Credit unions are community-based banks organized according to cooperative principles. In the early stages of development of a nation's financial system, unserved and underserved populations must rely on risky and expensive informal financial services from sources like money lenders,
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Microfinance is a term for the practice of providing financial services, such as microcredit, microsavings or microinsurance to poor people.[1] By helping them to accumulate usably large sums of money, this expands their choices and reduces the risks they face.
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The Bond of Association was a document created in 1584 by Francis Walsingham and William Cecil, Lord Burghley after the failure of the Throckmorton Plot in 1583.

Contents

The document obliged all signatories to execute any person that:

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