The savings and loans (S&Ls) originally established so as help people buy homes.
Why were saving and loans originally set up?
The Building and loans was said to be set up for working-class people that is those among them who wanted to buy homes but they do not have any kind of access to banks.
Here, a set of people is said to deposit their savings into a form of association and later on as the association has more or enough money it is said to finance mortgages for any of its members.
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