'Credit has its own unique role for development' justify the statements with argument

‘Credit has its own unique role for development’ justify the statements with argument.

Credit is an agreement in which the Lenders supplies the borrowers with money, goods and services in return for the promise of future payment.
Credit has its own unique role for development because of following reasons
(i) Cheap and affordable credit lead to higher incomes and many people could then borrow cheaply for a variety of needs.
(ii) With credit people could grow crops, do business, set-up small scale industries etc.
(iii) People could set-up new industries or trade as well. All these activities lead to development of the country.