mutual benefit societies

Mutual benefit societies are organizations formed by groups of people who come together to support each other financially or socially. Members pay regular contributions or dues, creating a pool of funds used to provide benefits such as health coverage, financial assistance, or social services to members if needed. These societies operate on the principle of mutual aid, meaning members help each other rather than seeking profit. They are common in workplaces, communities, or among specialized groups, fostering cooperation and collective support to improve members' well-being.