Changing Lives by Building Credit History — One Microloan at a Time

A program through the Mission Asset Fund, based in San Francisco, helps low-income communities get loans and good credit from an unlikely source: each other. The initiative pools together funds from family members and neighbors and distributes the loan to one of the contributors each month; the loans are interest free and allow community members to build credit without the difficulties of breaking into the typical microfinance realm.

audio Interview with journalist

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