Why we choose Savings and Lending Groups
There is often a lot of confusion between microcredit and savings and lending groups. The terms seem as if they offer the same approach to providing very low-income individuals with access to credit. Yet there are some key differences about leadership and savings expectations. We are in the process of helping facilitate a savings and lending group with some of our Women’s Empowerment Project graduates. They have named their group the New Dawn Women’s Collective (logo pictured to the left).