1. Tell about your self? 2. What do you know about Microfinance? 3. What is JLG model?

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I am an experienced professional with a strong background in the financial industry.

Microfinance is a type of financial service that provides small loans and other financial products to low-income individuals and groups.
It aims to promote financial inclusion and empower individuals to start or expand their own businesses.
Microfinance institutions often target underserved populations who lack access to traditional banking services.
These institutions offer small loans, savings accounts, insurance, and other financial services tailored to the needs of their clients.
The repayment terms and interest rates are usually flexible to accommodate the borrowers' income and cash flow.
Microfinance has been successful in reducing poverty and improving the livelihoods of many individuals and communities around the world.
For example, Grameen Bank in Bangladesh pioneered the concept of microfinance and has helped millions of poor women start their own businesses.
JLG (Joint Liability Group) model is a popular approach in microfinance where a small group of individuals come together to apply for a loan.
Each member of the group is jointly liable for the repayment of the loan, creating a sense of responsibility and peer pressure.
This model encourages group members to support and monitor each other, reducing the risk for the lender and increasing the chances of loan repayment.
JLGs often consist of individuals with similar socio-economic backgrounds and common goals, such as women entrepreneurs or farmers.

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