An Assessment on the Efficacy of Delivery Channels in Group Savings and Loan Scheme in Malawi : Grin Verlag : 9783346851703 : 3346851702 : 25 Mar 2023 : Bachelor Thesis from the year 2021 in the subject Economics - Finance, course: BSc in Community Development, language: English, abstract: Group savings and loan scheme is a time-bound accumulating savings and credit activity. It is an informal microfinance where there are no financial intermediaries. Self-selected persons in a group of at least 15 to 30 people form a group to mobilize their own savings regularly in a pool and borrow from the pool fund and repay back the borrowed funds hereby referred to as loans with interest, after a period usually between one and three months. On a date chosen by the members, usually after about a year, all the financial assets are divided among the members in proportion to each one's savings. This pay-out is called the "action audit". The groups normally reform immediately and start a new cycle of s