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  2. Lending Circles

Lending Circles

0% interest social loan for any purpose

Lending Circles Overview

  • What are Lending Circles?
  • How do Lending Circles work?
  • Who is a good fit for the program?
  • Do I need to bring a group of friends and family to form my own circle?
  • How are MAF’s Lending Circles different than informal lending circles (tandas, susus, paluwagans)?
  • How do I know this is a safe program to participate in?
  • See all 7 articles

Enrollment and Eligibility

  • What do I need to qualify for a Lending Circle?
  • Why do I need an email address?
  • MAF emailed me a link to complete my application. What do I do if the link expires?
  • Why do you ask me to provide my individual or household income?
  • What kind of ID can I upload and why is this needed?
  • Why do you ask for a Social Security Number or ITIN?
  • See all 8 articles

Financial Education

  • How long does it take to complete the financial education?
  • What does the financial education look like?

Missing a Payment

  • What happens if I miss a payment?  
  • What should I do if I don't have the funds for an upcoming payment?

Credit Reporting

  • Does MAF report negative activity to credit bureaus?
  • When will my MAF loan payments appear on my credit report?

Promissory Note

  • What is a promissory note?
  • What are the key terms in the promissory note?
  • How and when will I sign the promissory note?

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