friendly societies

Friendly societies are mutual organizations formed by individuals who come together to provide financial support and assistance to one another. Historically, they were established for various purposes, such as health care, burial expenses, and income support during illness or unemployment. Members contribute regular payments, known as subscriptions, which create a collective fund. In times of need, this fund can be accessed by members. Friendly societies promote community welfare, offer a sense of belonging, and serve as an early form of social security, often operating outside of government provisions. They are still relevant today, providing financial services and support.