What is JLG .

Question

What is JLG .

Accepted Answer

JLG stands for Joint Liability Group.

JLG is a lending model used by financial institutions to provide credit to groups of individuals.
It is commonly used in microfinance to support small businesses and self-help groups.
Members of a JLG are jointly liable for the repayment of loans, which helps mitigate risk for lenders.
JLGs often have a social component, promoting financial inclusion and empowerment of marginalized communities.
Example: A bank forms a JLG with five women entrepreneurs who collectively take a loan to start a small-scale business.

Accepted Answer

JLG) is an informal group comprising of 4-10 individuals coming together for the purpose of availing bank loan on individual basis or through group mechanism against mutual guarantee.

Accepted Answer

JLG) is an informal group comprising of 4-10 individuals coming together for the purpose of availing bank loan on individual basis or through group mechanism against mutual guarantee. Generally, the members of a JLG would engage in a similar type of economic activity.

What is JLG .

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