Traditional Asian Lending Circles Get New Life with Modern Twist
Four Asian American-Pacific Islander (AAPI) community-based organizations — in Minnesota, Ohio, Georgia, and Hawaii — will be expanding a national network of organizations offering Lending Circles, also called rotating credit and savings associations, thanks to a grant from the National Coalition for Asian Pacific American Community Development (National CAPACD), putting a traditional practice into wider modern circulation.
by Frances Kai-Hwa Wang
