Farida Jhabvala Romero / KQED
When someone borrows money and pays it back on time, they build credit, and good credit allows them to borrow more. People without a good credit history are often blocked from important economic transactions like renting an apartment or buying a car. Low-income people, immigrants, and others often have trouble getting their first loan to build a good credit history. Lending circles offer a community-based solution by arranging for people to borrow from each other. Listen to hear participants explain how lending circles work and how the loans they receive can improve their lives.
Story Length: 4:17
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