1. In The 1950s, a network of rural credit cooperatives was created. 2. In 1985 rural credit cooperatives held total deposits of ?2.5 billion. 3. The idea was for this entity to make available rural credits . 4. Rural credit cooperatives, also deeply mired in debt, would also be restructured, Liu said.5. Structurally they lie between ASCAs, rural credit co-operatives, village banks and financial service associations. 6. In July 1998, the rural credit township-level RCCs and 280, 000 village-level RCC branches. 7. And that does not take into account 350 rural credit unions for farmers and fishermen. 8. Foreign analysts say the figure is higher, especially at smaller banks and rural credit cooperatives. 9. The rural credit savings rose sharply, the quality of people s life were improved substantially. 10. Components of such European programs at the time included cooperative land-mortgage banks and rural credit unions.
