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With
respect to requiring a group of five versus a group with fewer
or more members, experience has demonstrated the following:
As groups are formed within a village, a collective or Sangam
evolves which consists of a maximum of eight groups or 40
members. Sangam meetings are held on a weekly basis
during which SKS staff collect and record group savings, loan
distributions, and loan repayments. In addition, weekly sangam
meetings serve as a forum for discussion of loan proposals,
loan utilization, and community issues. Each Sangam
elects a leader and deputy leader who are responsible for
facilitating meetings and ensuring proper compliance with SKS
procedures.
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