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The borrowers form a joint liability group composed
of three to seven women. While several groups still
make up the VB, groups can join, be trained and receive
loans at different times. Each group leader assumes
all the responsibilities pertaining to her group. There
are no organized meetings or compulsory savings. The
VB and Credit Agent (CA) decide on the day and specific
time to make payments at the village. The CA goes to
the village and the group leaders and clients come to
pay anytime within the agreed timeframe.
The TPL has two kinds of payment terms: End of Cycle
(EOC) and the Fixed Term.
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