Credit & Savings Self-Help Groups

Hope for Korah is committed to sustainable models of economic empowerment and the faciliation of self-help groups is an important part of that approach.

Self Help Groups (SHGs) serve a key role in addressing the multidimensional aspects of poverty.  SHG participation builds self-efficacy and collaboration skills as members meet regularly to provide support, advice, and loans to other members of their group. Each SHG develops their own policies including minimum savings contributions, frequency of savings deposits, and loan amounts. It is also a safe space to discuss challenges individuals are facing personally or economically as they launch new businesses or begin various types of employment. Through cooperation and interdependence, individuals learn how to take ownership for the transformation of their own families as well as their community. For many, the concept of savings and loans can be challenging and scary after spending a large portion of their lives scavenging or begging to survive. SHGs play a significant part in alleviating poverty through helping families develop sustainable incomes and a social safety network within their community.

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