The main aim of credit and thrift societies is to

The main aim of credit and thrift societies is to encourage savings among members. These societies are formed to help individuals save their money and access affordable loans. Members of these societies pool their resources together and save their money with the aim of earning interest on their savings. The society then offers loans to its members at a low interest rate. By encouraging savings, credit and thrift societies help their members to achieve their financial goals and improve their financial security.