Credit co-operative society
Understand the Problem
The question seems to be a search query related to credit co-operative societies, which are financial institutions that are owned and operated by their members primarily for the purpose of providing credit and loans to those members.
Answer
A Credit Cooperative Society is member-owned, providing low-interest loans from group savings.
A Credit Cooperative Society is a financial organization owned and controlled by its members, allowing them to save money as a group and borrow at low interest rates.
Answer for screen readers
A Credit Cooperative Society is a financial organization owned and controlled by its members, allowing them to save money as a group and borrow at low interest rates.
More Information
Credit cooperative societies are a form of co-operative financial institution that encourage savings and provide loans to their members, often with more favorable terms than traditional banks. They strengthen community ties by promoting economic participation from all members.
Sources
- CREDIT CO-OPERATIVE definition - Cambridge English Dictionary - dictionary.cambridge.org
- Credit Co-operative society - Chhota CFO Blog - chhotacfo.com
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