Branch Id
03-05-2025
Impact Of Group Loans
Group loans have a significant impact on the lives of the borrowers and the community at large.
1) Economic Empowerment
Group loans provide the necessary capital for individuals to start or expand their businesses, leading to economic empowerment.
2) Social Empowerment
Group loans foster a sense of community and mutual support among the group members, leading to social empowerment.
3) Financial Inclusion
By extending credit to those traditionally excluded from formal financial systems, group loans promote financial inclusion.
