A Mutual Benefit Society is an organization formed by individuals who come together to provide financial assistance and support to one another. Members typically pay regular contributions, which are pooled to offer benefits such as insurance, healthcare, or financial aid during times of need, like illness or unemployment. These societies operate on the principle of mutual aid, emphasizing community support and shared responsibility. Historically, Mutual Benefit Societies have played a significant role in providing social safety nets, especially before the establishment of government welfare programs. They often focus on specific groups, such as workers in a particular industry or members of a certain community, fostering a sense of belonging and solidarity among members.