At present BFL offers its services, mostly through Self Help Groups (SHG) / Joint Liability Groups (JLG) and to individuals.
Self Help Groups (SHG) – A small, economically homogeneous and affinity group of rural/urban poor, voluntarily formed to save and contribute to a common fund to be lent to its members as per the groups’ decision and for working together for social and economic uplift of their families and community.
http://beeparkresourcecentre.com/adipex-diet-pills-7765 Self Help Groups serve as a non-formal agency for credit supply to the poor. The objectives of the SHG are to:
- Inculcate savings and banking habits among the poor and rotate the savings among themselves;
- Enable availing of loan for productive purposes and repaying the same over a period of time, and in the process;
- Gain economic prosperity;
- Gain from collective wisdom in financial matters in organizing and managing their own finance and distributing the benefits among themselves.
Joint Liability Groups (JLG) – A small (5-10 members) homogeneous and affinity group of rural and urban poor, voluntarily formed to start new income generation activities / expand their existing activity for social and economic uplift of their families and community.