It refers to a group of individuals that are registered under the law
co-operative
How is a legal loan system considered legit?
The processes for payment and collections are legal and be verified
Which is an example of "reductions in expenditure"?
A co-operative helps the farmers purchase products or materials at low prices.
Why do a lot of people prefer to take out a loan from an informal bank system?
Because the borrowing process is easier.
Which type of deposit allows the depositor to withdraw his/her money in the time period specified by the bank?
fixed deposits
Can you give an example of "increase in revenue" ?
A co-operative helps the farmers to sell their products directly to the customers from their own stores.
This refers to the return received by the banks in giving out loans....
loan interest
How many types of loan are there?
legal loans and informal loans systems
Why is a co-operative at school important?
It supplies products to sell to its members at a fair price.
This refers to an agreement between a borrower and a lender...
Loan
What are the two types of deposits in the bank?
Savings and fixed deposits
How are the co-operatives in the community and the school's similar?
They both think of the welfare of the members of the co-operative
This is a popular way of saving money in the bank...
depositing
