- The informal association
At the bank, we established an informal savings and credit association. It operated based on trust and solidarity among colleagues, without being an official institution. - The deposit principle
Each member contributed a fixed amount on every payday. This regular system helped build a common fund, ensuring a degree of financial stability. - Loans to members
The collected funds were then lent to members who needed them. These loans accrued interest, which allowed the fund to grow and made it possible to distribute dividends at the end of the year.
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