Compulsory Group Training
Once the group is formed, the group is given training on:
- Products and Services of ACFL
- Policies and Procedures to be followed
- Group guarantee concept
- Benefits of the model
- How to acknowledge
Group Recognition Test
Once the training is completed, ACFL conducts a formal test to ensure that all the members of the group are aware of and understand the loan concepts as enumerated above. For a group to be eligible to receive a loan from ACFL, this test has to be compulsorily passed.
Group Meetings
Each group is typically comprised and has a mandatory fortnightly meeting. During these meetings, the following takes place:
- Discussion of Social/Community issues
- Communication of ACFL Developments/Changes
- Filling of loan applications
- Collection of repayments