Table Banking

Table banking is a group based funding system where members of a group make weekly or monthly monetary contributions to form a kitty from which members can borrow. The group holds regular meetings where issues are addressed, fines paid, loans administered and defaulters confronted.

In cases where the group gets funding from outside e.g. the microfinance institutions, group guarantee comes into play where members act as guarantors to each other’s’ loan and when one defaults, the rest can’t access finance, which in turn motivates members to keep each other accountable.

Members enjoy quite a number of benefits depending on the type of category they have applied for.

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