Lending Circles is our newest program offered to help participants establish and build their credit through an age-old practice known to many as tandas or cundinas. We have partnered with Mission Asset Fund (MAF) based in San Francisco, CA, together we can provide a zero-interest social loan which helps participants build or improve their credit.
By making monthly payments through direct deposit; transactions are reported to the three major credit agencies (Transunion, Equifax and Experian) and clients do not have to physically deal with each other’s cash. The enrollment period is ongoing and Lending Circle formations are scheduled the first week of every month.
To find our more, visit www.lendingcircles.org. Just type in our zip code, 90033 to get started!
Sign up today!