भिडियो हेर्न तलको बक्स भित्र क्लिक गर्नुहोस
Many of the early building societies were based in taverns or coffeehouses, which had become the focus for a network of clubs and societies for co-operation and the exchange of ideas among Birmingham's highly active citizenry as part of the movement known as the Midlands Enlightenment.
The first building society to be established was Kelley's Building Society, founded by Richard Kelley, the landlord of the Golden Cross in 1775. Members of Kelley's society paid a monthly subscription to a central pool of funds which was used to finance the building of houses for members, which in turn acted as collateral to attract further funding to the society.
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