- Encourages savings
-Encourages investments e.g. buying a vehicle or land
-Earns dividends every year
-Provides education to its members
-In case of bereavement, caters for the family members.
-Gives normal loans and emergency loans and other forms of credit
-Interest charged on the loans is cheaper compared to commercial banks.
gideon1 answered the question on November 12, 2017 at 17:10
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