Question

How SHGs help borrowers overcome the problems of lack of collateral??

Please answer in points....

Answer 1

SHG ( self help group) it is groups of people who invest their money or save for future use.
It helps to the borrowers overcome the problem of lack of collateral because it provides them money in term of need without take any collateral or assets as compared to the bank or money lenders.

Answer 2

meaning of this question is coming in your examination 5 marks question so you can write these 5 lines to Got the full marks each line carry the one marks so you can Got 5 marks while these writing five lines