Simply put, Lending Circles transforms a common practice - lending and borrowing money with friends and family - into a powerful, credit-building activity.
As an overview, Lending Circles:
- Are zero-interest social loans in which people come together to loan money with each other
- Help people save money while building credit
- Include free, online financial education modules for participants
- Are based on the traditional practice of informal lending circles around the world known as tandas, susus, cundinas, paluwagan, and many other names