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Pawnbroking business provides an easy, legal and hassle free way of financial service to the public who has urgent money needs, by simply pledging their valuables owned. It serves to provide a supplementary financial assistance other than what banks and finance companies cater. During 1995, the Government gazetted a volume close to $2 billion worth of business, resulting a growth of 7 per cent. Pawn loans given out, totaled $1.022 billion. |
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