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silvitagonzale
A SHG is generally a group of people who work on daily wages who form a loose grouping or union. Money is collected from those who are able to donate and given to members in need. Members may also make small regular savings contributions over a few months until there is enough money in the group to begin lending.
Martebi

People are known to belong to different kinds of group. The working of self help group includes;

  • They help to build the functional capacity of the low income earners or the poor
  • They help to marginalized the field of employment and income making activities.
  • They handle conflicts via the use of collective leadership and mutual handling.
  • They give collateral free loan with ease conditions that is made by the group using market driven rates.

A SHG  is known as a self help group. They are regarded are as a group of people who are known to engage in an activity on daily wages and they form a group or union.

The Money that is collected from those people who donated are known to be given to members who have some needs to be meant.

Learn more about  self help group from

https://brainly.com/question/24576520

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