Credit Institutions

Credit institutions are financial organizations that lend money to individuals, businesses, and governments, helping fund their needs and projects. Examples include banks and credit unions. They also accept deposits, providing a safe place for people to store money. These institutions facilitate financial transactions, issue loans, and offer various financial services. Their main goal is to efficiently allocate financial resources, support economic activity, and earn profits through interest and service fees. Essentially, credit institutions act as intermediaries that connect those with surplus funds to those in need of capital.