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What happens when VSLA beneficiary cannot repay a loan in time?

April 26, 2017Beneficiary happens loan repay time vsla

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What happens when VSLA beneficiary cannot repay a loan in time?

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When a VSLA beneficiary cannot repay his or her loan on time, the individual groups decide the consequences. The group’s management might extend the payment period, or they might raise the interest rates until the lender replays the loan.