Formation of solidarity group (SG,s) of two (2) to four (4) individuals who are engaged in any economic activity
The solidarity groups (SGs) are joined together to form the credit servicing with Education Association
The size of Association Shall be a minimum p Mnaof 6 members and a maximum of 20 members
The Association shall be managed by its own executive elected by the members themselves
The Association shall undergo a minimum of six(6)training sessions on group management how to manage business, credit management and repayment, conflict resolution etc, saving shall be made after each training session.
The Association shall be registered with members filling a membership registration form on which they indicate their name,income generating activities, and loan amount requested
The Association is formally inaugurated after the sixth training session and first loan cycle,
The repayment of the loan shall be on a weekly basis
All members are jointly & Severally liable (both SG AN CA)