What does the word "organisation" mean in this sentence? Is it like a board or more the organizing of somethin

Question

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When they borrow in cash, the monthly interest rate is high (3% of the total amount). In such a context, a micro credit *organisation* could be a good solution and lighten the burden of indebtedness.

Answer 1

Organisation here refers to the body that deals with disbursement of credit in small amounts to needy and poor people in the form of cheap loans. A famous example is that of the micro credit organisation in Bangladesh that recently won a world award.
The format of the organisation could be a bank, a cooperative, a company or simply a group of persons. The intention is to reduce the expenses of running the organisation to the minimum without losing controls, so that the cost to the borrower is the least.

Answer 2

It is an organization as in a company that offers micro loans. They are loans to help get people on their feet.

Answer 3

It means a banking institution of some kind!