What does friendly societies mean?
Definitions for friendly societies
friend·ly soci·eties
This dictionary definitions page includes all the possible meanings, example usage and translations of the word friendly societies.
Wikipedia
friendly societies
A friendly society (sometimes called a benefit society, mutual aid society, benevolent society, fraternal organization or ROSCA) is a mutual association for the purposes of insurance, pensions, savings or cooperative banking. It is a mutual organization or benefit society composed of a body of people who join together for a common financial or social purpose. Before modern insurance and the welfare state, friendly societies provided financial and social services to individuals, often according to their religious, political, or trade affiliations. These societies are still widespread in many parts of the developing world, where they are referred to as ROSCAs (rotating savings and credit associations), ASCAs (accumulating savings and credit associations), burial societies, chit funds, etc.
The Nuttall Encyclopedia
Friendly Societies
associations of individuals for the purpose of mutual benefit in sickness and distress, and of old and wide-spread institution and under various names and forms.
Numerology
Chaldean Numerology
The numerical value of friendly societies in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of friendly societies in Pythagorean Numerology is: 8
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"friendly societies." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/friendly+societies>.
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