what do you mean by thrift and credit society? what is its motive? give examples
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Thrift and Credit Society = Is a cooperative organization that provide its members with convenient and secured means of saving money and obtained credit at a reasonable rate of interest without collateral, but deduction from salary on monthly basis.
motive:-Providing, in the best possible conditions, the financial advice and services that members need. Contributing to the cooperative, economic and financial education of members, that is to provide them with a way to achieve independence. Promoting and supporting community development
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