The origin of SHGs is from the brainchild of Grameen Bank of Bangladesh, which was founded by Mohammed Yunus. SHGs were started and formed in 1975. Since then, Self Help Groups have become proven and time-tested vehicles for promoting savings and credit among poor. Self Help Group development evolves through phases of coming together, learning to work together, developing norms of engagement and finally being able to work together in an interdependent and flexible manner.
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