• THE PEOPLE OUR FOCUS

    Promoting sustainable economic growth and reducing poverty in Ghana.

 

  GROUP SAVINGS & LOANS

 

The Group Savings & Loans concept involves deposit mobilization in the form of savings, loans and education to members of an active group through the group where each member of the group is jointly and severally liable for the repayment of the entire group loan and interest liability.

 

The loan amount in most cases are more than the savings balance of each beneficiary but less than the entire group members contribution. The loan amount is usually three to ten times the savings balance of a member of a group. The group serves as social security for the entire members of the group and therefore has the joint and several responsibility for the repayment of any outstanding liability.