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U.S. Money Pools Thrive in the Recession

“Since these clubs help people spend money, they can act like mini, private stimulus packages for local economies. They also encourage financial discipline and credit-worthiness –two attributes that come in handy in real loan applications.”

by Tim Gaynor

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Banking the Unbanked: Alternative Financial Services

Gama had been educated in sophisticated financial products. But when she sought a grant from the Mission Asset Fund, she was surprised that the group recommended a version of a simple, informal Mexican financial practice: a savings and lending circle, something Gama and her clients had known about their entire lives.”

by Matt Herrick

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