![]() Members choose their own leaders/office bearers.Group meetings are attended by NGO/SHPI promoting and supporting the SHGs regularly at least in the initial period.Groups meet regularly, weekly, fortnightly, monthly.Homogenous, affinity Groups of less than 20 at the village (local) level.Democratic functioning and consensus building are the main characteristics of the group.They also decide to save a small amount regularly and use the same as common kitty for helping the more needy members of the group by giving loans of very small amount on the terms and conditions mutually agreed upon by the group.The members of the group decide to come together for helping each other.Self Help Groups are small groups of 10- 20 people staying in the same area(village),coming from the same economic background and facing the same type of problems.Linking SHGs directly to banks is the basic model in which an SHG, promoted by an NGO or other institution, can access a multiple of its savings in the form of loan funds or a cash credit limit from the local rural bank. In India SHG-Bank linkage model is the most popular model. Yunus, SHG-Bank linkage model, Micro finance institutions (for profit and non profit),NBFC model, NGO model etc. There are different methodologies for delivering microfinance like Grameen bank model of Prof. Credit for both investment and consumption needs.Less and simplified procedures and documentations.Group formation to create peer pressure and bring discipline.Collateral free credit through collateral substitute like peer pressure.Major characteristics of Microfinance are: If you have any online forums you would like to recommend, feel free to contact us or comment below.In India, the Task Force on Supportive Policy and Regulatory Framework for Microfinance has defined MF (Microfinance) as the “Provision of thrift, credit and other financial services and products of very small amounts to the poor in rural, semi-urban or urban areas for enabling them to raise their income levels and improve living standards”. All you need is simply sign up, simple steps. Nevertheless, you do not need to be in Australia to join the discussions. ![]() Ozbargain is an Australian based online financial discussion forum. Topics covered include financial planning and portfolio building, tax and tax policy, saving strategies and finance news. You can also sign up and start your own thread.įinancial wisdom is an online community for Canadian investors. It is for you to choose which thread to follow. There are no categories under which discussions fall but all discussions relate to finance. Here are some of the forums:įat wallet is an online community of finance enthusiasts. Once you sign up for money talk, which is free, you will find several forums all related to finance. You will need to register so that you can initiate and contribute to discussions or ask questions. Whirlpool is a platform providing an opportunity for members to get free peer advice on finance matters. You can also subscribe for free updates which you will receive through your yahoo email account. You will find discussions on everything touching on finance. Yahoo finance is an online platform where you will find one of the largest communities. Saving advice is a personal finance discussion forum which you can join and contribute to the discussions. You are required to register it’s free and does not take a minute. Fraud & scams-internet scams, investment schemes and how to detect and avoid fraud.Retirement-pension schemes, public and private company pensions.Investments-includes tax-free savings, stock markets investments and high-interest savings accounts.Personal loans including secured and unsecured loans and general borrowing.You are required to register before participating or initiating discussions.įinance forum is an online platform mainly for personal finance discussions. You may also create a sub-forum and act as the moderator of the discussions. ![]() You are required to register to participate in the forum discussions.īanking forum allows you to participate in online discussions, create polls and ask questions. Some of the communities that you can join include: Wall Street Oasis (WSO) is an online finance discussion forum with several communities. Here are 10 popular online finance discussion forums that you can consider. This keeps you ahead of your peers in anything finance. ![]() Online finance forums give you an opportunity to discuss financial matters with finance experts and enthusiasts from all over the world. ![]()
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