Why are banks ready to give loans to women who are organized in SHGs ?
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Bonjour!
The SHGs are very much responsible for the loans they give. If non-repayment of loan is followed up seriously by other members in the group. Because of this feature, banks are willing to lend to the poor women when organised SHGs, even though they have no collateral.
The SHGs are very much responsible for the loans they give. If non-repayment of loan is followed up seriously by other members in the group. Because of this feature, banks are willing to lend to the poor women when organised SHGs, even though they have no collateral.
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