The members of the ____ pool their savings and members can take small loans from the group to meet their needs.

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The members of the SHGs pool their savings, and members can take small loans from the group to meet their needs. These are groups of rural people who work in the credit sector. There are a total of 15 to 20 members per group. The groups are formed with the main goal of saving money and lending it in times of need. They also discuss other issues such as health and nutrition. The money is lent only to the members of the specific group. They are an informal credit source but much safer and cheaper than other informal sources. The interest rate is low, and there are fewer chances of exploitation as the members know each other. The members make all the decisions regarding the savings and loan amounts. The group is responsible for the Self Help Group's loan repayment.

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