Self-help groups allow members to pool savings, build a collective credit history, and access bank loans based on group guarantee, not collateral. But in my years at the bank, I saw that the real collateral was social pressure—if one member defaulted, the whole group suffered. Many groups thrived, yet I remember the tea-seller, Meena didi, whose group collapsed because two families migrated for work, and the remaining women were burdened with the debt. That collective promise is both strength and a heavy chain.
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