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Traditional Asian Lending Circles Get New Life with Modern Twist

nbcnewssquareFour 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

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