The oldest pre-colonial credit and banking institutions recorded in Africa were rotating credit associations. We relied on a variety of materials to serve as money and used them as a medium of exchange and lent or borrowed them as a form of credit.Labour was also used as a means of payment for extended credit. Find out more https://bit.ly/3Rips1g #AdvancementOverTheYears #BankingandFinance | Cavendish University Uganda
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