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Internal Lending and Savings Scheme Guidelines 01 of 2023

The "Internal Lending and Savings Scheme Guidelines 01 of 2023" document outlines the operational framework for financial support scheme aimed at low-income households engaged in informal small businesses within their specific communities. It covers the scheme's purpose, membership criteria, committee structure, meeting protocols, loan procedures, penalties, record-keeping, dispute resolution, and amendment processes. Membership is restricted to those who received initial seed money from Viva Network Zimbabwe (VNZ) and have consistently contributed monthly subscriptions. The guidelines emphasize strict compliance with meeting attendance, loan repayment, and participation in scheme activities, with defined penalties for non-compliance. The document also details the responsibilities of the committee in managing the scheme's funds and resolving disputes and includes provisions for the scheme's dissolution and the redistribution of remaining funds to support other groups.