to start every meeting in a savings group.

The President's role will be to take attendance of the members.

The Helpers will remind the group

about the fines for members who did not attend the previous meetings,

as well as the necessary fines

assigned to members that did not make the proper payments on their loans.

The Members will then need to recite the rules

that they need to remember in each meeting.

Now, let's talk about the main decisions

that the savings group should take to approve a loan.

The first rule is that a member can only have one loan at a time.

Remember,

if the member requesting the loan is asking for a second loan,

they cannot take the second loan.

They can only have one loan at a time.

The second rule is that a loan

cannot be longer than 1 year, or 12 months.

The group needs to recite that one month is four weeks.

The group will then need to start discussing a potential loan

that a member has requested.

If the person requesting the loan does not have any outstanding loans,

then the next step for the group

will be to discuss the conditions of the loan that is being requested.

The first thing to determine will be the duration of the loan.

The group will have to decide on two choices

for the duration of the loan.

These need to be time periods that will be both acceptable to the group

and for the person taking the loan.

The group will then need to vote

on one of these two time periods for the loan.

The time interval that gets more votes

will be the duration of the loan.

Next, the group needs to decide upon the amount of money

that each month the person must pay in interest on the loan.

The group must now vote to approve the loan.

Then, the person who will receive the loan

will have to accept or reject the loan under the given conditions.

The loan is only given

if the majority of people vote "yes" for the loan

and the person taking the loan agrees to the conditions.

The loan is then given.

The interest of the loan should be paid every month

and the original amount that the person borrowed

must also be paid at the end of the loan duration.

After this, the normal activities for the meeting

need to occur as follows:

The Members will pay fines and missed payments.

The Helpers will remember missed savings

and what fines they need to pay.

The Treasurer will count the money and announce the amount.

The Members will then pay the amount they need to contribute

to their savings.

The Treasurer will count the new amount of money in the cash box

and will announce that amount.

The President will then close the meeting.