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Loan-society
LOAN-SOCIETY

Definition: A society organised to subscribe money to be lent.
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* All nine elements should, would be in.


1. Purposeful & necessary (to emphasize).

2. Registered and regulated (connect to #3).

3. Qualification rules are nondiscriminatory.

4. Administrative structures so well arranged.

5. Terms and conditions for lending affordable.*

6. Sourcing subscriptions from lawful source(s).

7. Management is competent & therefore efficient.

8. Accounting to regulatory authority or tax man.

9. Serves purpose(s) and/or achieves objective(s).
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* Even if considered stringent or deemed cutthroat.

* It's about a competitiveness in the money markets.

* Some drive or effort at repayment can be enforced.

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