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When You Have No Money
1. When you have no money…
…how do you get capital for business?
2. Co-operative Economics
Self Help Groups
How to Get Capital for Business?
Also known as:
Credit Cooperatives
Paluwagan (Philippines)
Cash-go-round (Uganda)
Bayanihan Banking System (Manila)
Mandal (India)
3. Why Self-Help Groups?
If people have work, the
family will be happy
If people have work, they
will support the church
If people have work, they
can become leaders in the
church (qualification of a
leader – he must manage
his household well).
4. What is a Self-Help Group?
8-25 adults (usually 10)
Usually women
Better in a homogenised
people with close social ties
Contributing weekly to a
common fund
Once it has grown, giving
that fund to one member
to start a business
5. Structure of a Self-Help Group
They elect their leaders
They give a name for a group
They decide to save a certain amount
(usually Rs50 per month)
A savings account is opened in the group
name and operated by the leaders jointly
They gather once a week and discuss the
family problems, social issues, health issues
6. Problems with Self-Help Groups
Q. There are many emergencies that disrupt
savings
A. Establish two funds, one saving for business,
the other for
7. Beyond Self Help Groups…
Once a group has demonstrated
Capacity to Save
Ability to manage finances, budget, repay loans
They can seek a micro-finance program that
will grant larger loans
8. Taking Loans
After three months
They will have Rs15,000
they can start to take a loan from their own
group fund
They should repay this money with a small
interest to increase the fund
9. Record Keeping
Individual pass book
Savings register
Cash book
Loan register
General register
Minutes book
Attendance register
10. What Businesses can they start
Candle-making
Fruit jiuce, Fruit Jam,
Pickles
Cleaning powder
Flower Garenng
Computer education
Pepsi ice cream
Mobible tea cart
Watch repairing centre
Sarees rolling
Coffee making unit
Wire Net baskts
Tiffen
Dry Fruit Sales
Fruit Plants Vending
Wet – Dry Flour Grinding
Each according to their ability
Rs 5000 or Rs 10,000
business capital
11. Impact of Self-Help Groups
Break power of money-lender
Women stand on their own legs by earning
through micro-enterprise
Women participate in the decision-making in
all matters of the family. Before that they
were dependent only on their husband.
Women participate in community
development programmes and social issues
Increase in offerings to the church
12. Selection of Beneficiaries
Regular member of the church
Member of Self Hel group
Poor situation
Regular in savings and attendance
Recommended by committee
Feasible project which will generate regular
income and enough for repayments
13. The Duty of the Pastor
Train the Members
(Eph 4:11,12)
To share the gospel
In word
In deed
Raise up leaders
Deacons
Elders
(Pastor can be a member of the committee
not the supervisor, he should look after the
spiritual not the financial – if the pastor is
there, he will just forgive their debt and the
project will not work)
14. Roles of Committee
Secretary
Treasurer
One elder or deacon
2 beneficiaries
Program Coordinator
15. Economics of the Project
Beneficiary Income
Ave income per day Rs100 x25 = Rs2500per mo
Costs per day Rs30 = Rs750 per mo
Labour costs Rs 50 x 25 days = Rs1250
Total left in hand Rs500
Less repayment per month Rs300
Total surplus Rs200
16. Problems
Q. Should you charge interest?
A. Collect a small service charge
Q.Is this different to tithing?
A. Yes, they are already tithing
Q. Why are men not encouraged?
A. Yes be involved but do not take a prominent
role over the women
If members do not pay in time, what can we do?
The group must take responsibility