Informal Banking

Informal Banking (IB)

What is Informal Banking. Informal banking refers to financial activities that operate outside licensed and regulated financial institutions. These systems exist alongside Formal Financial Systems and are commonly used where access to traditional banking services is limited, costly, or slow.

Phoe Kuan

What Is Phoe Kuan. Phoe kuan is a traditional community‑based savings and credit practice found in parts of Southeast Asia. It works like an informal cooperative where a group of people contribute money regularly into a common pool.