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CLUSTER ASSOCIATION FOR COLLECTIVE STRENGTH
The groups in one particular area may be formed into a cluster association. Each group becomes a member of the cluster association and represented by 2 leaders. Normally 10 to 15 groups can be formed into an association of 5 leaders; amongst the group leaders may be selected to manage the affairs of the Association. They may be called as cluster leaders.
LOANING PATTERN:
1. Loaning process should be made available throughout the year.
2. Up to Rs.2, 500/- loans to be sanctioned by village committee.
3. Loan applications to be processed by village committees alone.
4. Request for loan should be made to the group at least one week in advance, except in emergencies.
5. Purpose of the loan to be mentioned.
6. Rate of interest to vary according to the purpose.
7. If possible sureties amongst members may be insisted.
RECOVERY OF LOANS:
1. Credit growth as a whole is responsible for the loans taken by the group from the banks.
2. Recovery of loan of the loan may be accepted either in cash or kind.
3. The repayment schedule should be enforced strictly.
FINANCE FOR THE CREDIT GROUPS:
Substantial portion of the funds for the credit groups should come from their savings and credit management. In times of need only the banks should lend money to the credit groups.
FORMATION OF THE COMMITTEE:
Potential leader of the Awwal Committees is to be identified and 5 such leaders may be nominated as executive committee members. Men also are co-opted only for executive committees. The men may be nominated by the members of the credit groups (Mahila Committees) alone.
WOMEN MEMBERS OF THE CREDIT GROUP EXECUTIVE BODY
- Active members in the Mahila Committee.
- Regular in savings and 100% repayment.
- Bold and articulate women.
MEN:
- Socially respected persons.
- Progressive farmers.
- Not a defaulter of loans.
- Known for fairness and articulate.
The members of above qualities may be selected preferably.
MEMBERS OF THE CREDIT GROUP:
1. Member of Mahila Committee earlier.
2. Not a known defaulter.
3. Regular in attending the meetings, regular in savings.
4. Previous record of loan repayment.
The above conditions may be verified before accepting one as a member.
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