law: Co-Operative Societies Act 2008 
  117.
  
  Receipt of loans and deposits
  1.      Subject to the
  
  provisions of any by-law of a society made for the purpose, a society may
  
  receive deposits and loans from persons who are not members of the society for
  
  the purpose of meeting any obligation or discharging any of its functions under
  
  this Act.
  2.      A society may by
  
  mortgage or in any other manner it deems appropriate, guarantee the repayment
  
  of any sums received by it pursuant to subsection (1).