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Strategic Approach
A continuous support of Savings and Credit is required to
develop the target group, who has no access to the formal credit
market, and who are otherwise subjected to service exploitation
of the informal credit market. The seasonal income of target
members does not comply with a regular repayment schedule and
thus make them vulnerable to informal credit. The purpose of the
savings scheme is to encourage the habit of regular saving among
the members, to mobilize local resources, to provide safe
keeping of member’s money, to earn interest to the members, and
to provide security base for loans from the CODEC loan fund. |
