Question

How many members does a typical SHG comprise of?

Answer 1

Answer:

SHG

20 members

A SHG (self help group) is a community based group with 10-20 members. They are usually women from similar social and economic backgrounds, all voluntarily coming together to save small sums of money, on a regular basis.

Answer 2

Self Help Group (15-20 members)

Explanation:

Self Help Group is a voluntary organization. It is generally formed by a group of people with similar interest and economic background in order to enhance microcredit for its members. The members accumulate funds by deposit a small some at regular intervals. The collected amount is then lent out to one person of the group once a month. The member utilizes the fund for their business and repays with interest. So the members help each other out by forming a trusted circle. The loan will be extended with the consent of all members and transparency is maintained. A typical SHG may have 15-20 members.