credit co-operativeUKUS (alsocredit cooperative) noun [C] (alsosavings and credit co-operative)
► FINANCEa financial organization owned and controlled by its members, who can borrow at low interest rates from an amount of money they have saved as a group: »
Credit co-operatives provide financial services to poor and low-income people in many countries.
фин. кредитный кооператив (кооперативное общество, которое собирает взносы со своих членов и предоставляет из собранных средств своим членам займы на льготных условиях)
Syn:
cooperative credit society, credit union, credit society
See:
cooperative bank, credit cooperation, agricultural credit cooperative, cooperative, building society