“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
“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
“A credit score is the passport to the financial services mainstream,” said Jennifer Tescher, Director of the Center for Financial Services Innovation. “What they’re doing is truly pioneering.”
by Anne Stuhldreher
“A credit score is the passport to the financial services mainstream,” Jennifer Tescher, Director of the Center for Financial Services Innovation. “What they’re doing is truly pioneering.”
by Caitlin Esch