who are indigenous bankers?
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Indigenous bankers are private firms or individuals who operate as banks and as such both receive deposits and give loans. Like banks, they are also financial intermediaries. They should be distinguished h professional moneylenders whose primary business is not banking but money lending.
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Indigenous bankers are private firms or individuals who operate as banks and as such both receive deposits and give loans. Like banks, they are also financial intermediaries. ... A pure moneylender lends his own funds an indigenous banker raises a part of his loanable funds from the public in deposits or other forms.
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