Bebali Foundation encourages weavers’ group members to set aside a small percentage of sales for running the group and trains them in managing these funds. This saves the group leader from having to pay for communication and hospitality costs.
Typically set by weavers at 5% of sales, this contribution resulted in funds that accumulated in group purses being loaned informally to members. To forestall mismanagement and conflict over these monies, Bebali Foundation developed a savings-and-credit association bookkeeping structure paired down to the bare basics necessary to cover textile-related enterprise.
Saving and Credit Associations
Bebali Foundation encourages weavers’ group members to set aside a small percentage of sales for running the group and trains them in managing these funds. This saves the group leader from having to pay for communication and hospitality costs.
Typically set by weavers at 5% of sales, this contribution resulted in funds that accumulated in group purses being loaned informally to members. To forestall mismanagement and conflict over these monies, Bebali Foundation developed a savings-and-credit association bookkeeping structure paired down to the bare basics necessary to cover textile-related enterprise.