A Group Loan is a financial solution designed for a group of individuals who come together to access credit for personal, business, or livelihood purposes. It is commonly offered to self-help groups (SHGs), women entrepreneurs, farmers, and small business owners who support each other through shared responsibility and timely repayments. Group loans promote financial inclusion while encouraging economic growth and community development.
A Group Loan is a financial solution offered to a group of individuals who borrow together under shared responsibility. It is designed to help members access affordable credit for personal, business, agricultural, or income-generating activities. By working as a group, borrowers benefit from easier loan access, mutual support, and flexible repayment options.