What are the five functions of a pawnshop as a financial service institution?
The following are the five functions of pawnshops as financial service institutions :
- Manage the distribution of loan money based on pawn law in an easy, safe, fast, and economical way.
- Creating and developing other profitable businesses for the pawnshop or the community.
- Fostering credit patterns so that they are directed and useful.
- Manage finances, equipment, staffing, education, and training.
- Conducting research and development as well as supervising pawnshop management.