Village Banking

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Women in Business

Village Bank
Operations Manual

Table of Contents
Page

I. What Is a Village Bank? ..................................................................... 1 How is a village bank different from a regular savings and credit group? ...... 1 Who can join?......................................................................................................... 2 Why does a village bank need to have 20 to 35 members?................................. 3 How are new members trained? ........................................................................... 3 What are solidarity groups? ................................................................................. 4 Why do village bank members have to learn to read and write? ...................... 4 Why should women contribute to the cost of the Women in Business manuals? ................................................................................................................. 5 Why are all the village bank members supposed to have a business? .............. 6 What about savings? .............................................................................................. 6 What about loans? ................................................................................................. 7 Why are loans given for only one to six months, and not for a whole year? .... 9 Why are village bank loans small at first?........................................................... 9 Why are village bank loans paid back in weekly installments? ...................... 10 What kinds of rules do village banks have? ...................................................... 10 What are the rules for safe money handling? ................................................... 11 What kinds of things can go wrong in a village bank? ..................................... 12 How do we know if a village bank is healthy? ................................................... 13

II. How Does a Village Bank Operate? ............................................... 15 What are the duties of the village bank members? ........................................... 15 Who are the officers of the village bank and what do they do? ....................... 16 The management committee ...................................................................................................... 16 The treasurer .............................................................................................................................. 16 The chairperson ......................................................................................................................... 17 The controller ............................................................................................................................ 17 The secretary ............................................................................................................................. 18 Assistant officers ....................................................................................................................... 18

How are the village bank officers elected? ........................................................ 19 How do the officers get trained? ......................................................................... 20 What is a village bank cycle? .............................................................................. 20 Who screens the loan applications?.................................................................... 21 What about larger and longer loans? ................................................................ 21 Why do some women have trouble repaying their loans?................................ 22 How does the management committee solve collection problems? ................. 23 What does it mean to reschedule a loan? ........................................................... 24 What does it mean to refinance a loan? ............................................................. 24 How can...
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