Village banking

Village banking is like a big pot of money. People who live in the same area or village put their own money in the pot. Then, they all agree to take turns getting money from it to start or grow their own businesses, or to pay for important things like their children's education, medicine or a new roof for their house.

Every member of the village bank puts a small amount of money into the pot every month, like putting your pocket money into your piggy bank. This helps grow the pot bigger, so there's more money for everyone to use in the future.

The group of people who are part of the village bank meet regularly to talk about the pot, how much is in it, and who needs to borrow money. They also make rules about how much each person can borrow, and how long they have to pay the money back. Everyone in the group helps to make sure that the people who borrow money pay it back on time.

Village banking is a good way for people who don't have access to banks or loans to get the money they need to make their lives better. It helps people work together and build stronger communities, because they are all working towards a common goal. It also means that if one person in the group is successful, they can help others in the group be successful too.