The functions of credit and thrift society does not include
A. charging low interest rate on loans B. providing savings facilities C. encouraging mutual co-operation of members D. providing security for member's property
Correct Answer: D
Explanation
Cooperative thrift and credit societies can address some of the shortcomings of Esusu. These are member-based organisations that help members to address economic problems. The ultimate goal is to encourage thrift among the members and to meet the credit needs of people who might otherwise be exposed to exploitation. Their functions does not include option D
