Harmony Mutual Benefit Society

Harmony Mutual Benefit Society is a type of organization where members contribute funds to support each other in times of need, such as during illness or hardship. It operates on principles of mutual aid, sharing risks collectively rather than focusing on profit. Members typically pay regular premiums, and the society uses these funds to provide assistance or benefits based on established agreements. This model fosters community support and financial security among members, functioning as a cooperative effort to improve collective well-being without the involvement of commercial insurers.