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The Banker Ladies

Vanguards of Solidarity Economics and Community-Based Banks

Caroline Shenaz Hossein

$64.99

Paperback

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English
University of Toronto Press
06 September 2024
All over the world, Black and racialized women engage in the solidarity economy through what is known as mutual aid financing. Formally referred to as rotating savings and credit associations (ROSCAs), these institutions are purposefully informal to support the women's livelihoods and social needs, and they act to reject tiered forms of neo-liberal development. The Banker Ladies

a term coined by women in the Black diaspora

are individuals that voluntarily organize ROSCAs for self-sufficiency and are intentional in their politicized economic co-operation to counter business exclusion.

Caroline Shenaz Hossein reveals how Black women redefine the banking co-operative sector to be inclusive of informal institutions that are democratic and focused on group consensus, and which build an activist form of economic co-operation that is intent on making social profitability the norm. The book examines the ways in which diasporic Black women, who organize mutual aid, receive little to no attention.

Unapologetically biased towards a group of women who have been purposely sidelined and put down for what they do, The Banker Ladies highlights how, in order to educate oneself about their contributions to politics and economics, it is imperative to listen to the voices of hundreds of Black women in charge of financial services for their communities.
By:  
Imprint:   University of Toronto Press
Country of Publication:   Canada
Dimensions:   Height: 229mm,  Width: 152mm,  Spine: 18mm
Weight:   480g
ISBN:   9781487557034
ISBN 10:   1487557035
Pages:   344
Publication Date:  
Audience:   College/higher education ,  Primary
Format:   Paperback
Publisher's Status:   Active

Caroline Shenaz Hossein is an associate professor of the Global Development and Political Economy at the University of Toronto Scarborough; Canada Research Chair, Tier 2 of Africana Development and Feminist Political Economy; and Founder of the Diverse Solidarity Economies (DISE) Collective.

Reviews for The Banker Ladies: Vanguards of Solidarity Economics and Community-Based Banks

""The Banker Ladies solidly lays the groundwork for a sustained research program on Pan-African co-operatives in the Caribbean, Brazil, and India, as well as in Canada and the United States. Hossein successfully makes the case for Africana feminist political economy to become embedded in the Canadian international development sector and beyond.""--Lisa Aubrey, Associate Professor of African and African American Studies and Political Science, Arizona State University ""For too long co-operativism has been seen through a white Western lens that ignores its diversity. This book puts an end to this devious refusal. Caroline Shenaz Hossein powerfully demands recognition for distinctive varieties of co-operativism. She shines a bright light onto everyday practices of mutual aid, reciprocity, and sharing by which Black, Indigenous, and racialized people have knitted together life sustaining solidarity economies over the longue durée. Her champion economic subjects are the Banker Ladies who, against all odds, foster a caring, culturally diverse economy that puts people before profits. This book is a must-read for anyone keen to decolonize economic theorizing and learn from the wisdom of Black women.""--J.K. Gibson-Graham, Professor at the Institute for Culture and Society, Western Sydney University and Community Economies Institute ""Caroline Shenaz Hossein's brilliant book educates individuals about the Banker Ladies. In countries around the world, these women find ways to rebel against political and economic exclusion and empower their communities in innovative ways. As a result, they are the dynamic and courageous backbones of their communities. This book is nothing less than a masterpiece.""--Sharon D. Wright Austin, Professor of Political Science, University of Florida ""The Banker Ladies offers an exposition of a hoary tradition of social and economic mutual aid that immigrants to Canada and their progeny, mainly but not exclusively of African descent, have transplanted to their new milieu. Caroline Shenaz Hossein brings passion and commitment, as well as a certain amount of personal and familial experience with the subject matter.""--Michael West, Professor of African American Studies, History, and African Studies, Pennsylvania State University ""In this significant work, Caroline Shenaz Hossein masterfully unveils how Black women in Canada and the Caribbean employed diverse financial strategies to meet the needs of their communities. The Banker Ladies powerfully captures the critical, yet often invisible, role these women play in building economic power and stability in an anti-Black world.""--Keisha N. Blain, Professor of Africana Studies and History, Brown University


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