Concept:A cooperative society that collects savings from its members and lends those savings to members in need.
Explanation:In a credit and thrift society, members regularly deposit money into a pooled fund.
The pooled savings are then lent to members who require financial help, usually at a low interest rate.
Its main purpose is to encourage regular saving and provide easy access to credit.
Consumer, producer, and wholesale cooperative societies focus on buying, selling, production, or distribution rather than savings and lending.
Hence, this business unit is best described as a credit and thrift society.
Answer:C. credit and thrift society