Question

Please what's indigenous self help groups in cooperative

Answer 1

self help groups consists of certain members who pull their savings institute of fund which is further used in making finance and advances to other members a typical self help group has 15 to 20 members the numbers pool their savings and after sometimes it becomes a large amount which is used to give loans to the needy once at a very nominal rate of interest this helps reduce the functioning of an informal sectors of credit..
self help groups are becoming popular because:-
the hell borrowers overcome the problem of lack of collateral and they can get time nahi loans for variety of purposes and at as a resionable interest rate..!!