Explain the financial management of SHGs with examples

Self-Help Groups (SHGs) are informal organizations that are typically composed of individuals from similar socio-economic backgrounds who come together to pool their resources and support one another. One of the key aspects of SHG management is financial management, which involves the effective utilization and management of the group's resources to achieve its goals and objectives.

Financial management of SHGs typically involves the following activities:

1. Collection and management of group funds: SHGs collect regular contributions from members and use the funds to provide loans and other financial services to members. The group's funds are managed by a designated treasurer who is responsible for keeping track of transactions and maintaining records of income and expenditures.

2. Loan disbursement and recovery: One of the main functions of SHGs is to provide loans to members for various purposes. The group establishes _________ ______ ________ _______ _____ __________ _______ ____ __________ ____.
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