Question

what are credit cooperatives???????????​

Answer 1

Answer:

A financial organisation owned and controlled by its member, who can borrow at low intres rates from and amount of money they have saved as group : credit cooperative provides financial services to poor and low income people in many countries

Answer 2

A credit union, a type of financial institution similar to a commercial bank, is a member-owned financial cooperative, controlled by its members and operated on a not-for-profit basis.