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Mission Asset Fund and Grassroots Finance

” You’ve probably read a lot recently about San Francisco being ravaged by gentrification and economic inequality. But some innovative grassroots initiatives are making immigrant families and neighborhoods more economically resilient, by lending them a helping hand, or rather, lending them some money, and helping them pursue their dreams. The Mission Asset Fund has been working with the Latino community of San Francisco to give people access to no-cost loans, based on a traditional system of lending circles, also known as tandas.”

by Michelle Chen