Honestly, I just don't trust self help groups with money. Formal banks have rules and someone accountable if things go wrong, while a group can turn messy when people disagree. I can't really explain it better, but that's my gut feeling.

The practical problem is that if a self help group falls apart, people can lose their savings and have nowhere solid to turn. My opponent makes a fair point about easy loans and less collateral, and I'm not sure how to argue with that. I still just feel banks are safer.

To me this whole thing comes down to which one you can count on when trouble hits. My opponent makes a fair point about cheap credit and learning responsibility, and I’m not sure how to argue back. I just feel banks are safer.