Question

HOW DO THE SAME S.H.G'S HELP BORROWERS TO OVERCOME THE PROBLEM OF LACK OF COLLATERAL?EXPLAIN WITH EXAMPLE.​

Answer 1

Answer:

“Self Help Groups help borrowers to overcome the problem of lack of collateral”. ... Members can take small loans from the group itself to meet their needs without any collateral. The Group charges interest on their loans but this is less than what the money lenders charge.

Explanation:

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