How is the concept of SHG important for the poor people?
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SHG which means self help group is is important for poor people because it helps them in terms of economically. SHG is the group which is made by group of people. By SHG poor people can able to get money from their according to their use.
anuraganvi718p5sfcz:
Thxx
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1.SHG’s help in pooling the savings of the members, who are poor people
2.Members can get timely loans for a variety of purposes
3.They get a loan at a reasonable rate of interest.
4.It helps borrowers to overcome the problem of lack of collateral and documentation.
5.It saves them from the exploitation of the money lenders.
6.This interest income becomes an extra source of income of the members
2.Members can get timely loans for a variety of purposes
3.They get a loan at a reasonable rate of interest.
4.It helps borrowers to overcome the problem of lack of collateral and documentation.
5.It saves them from the exploitation of the money lenders.
6.This interest income becomes an extra source of income of the members
Thx
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