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  2. Hui (informal loan club) - Wikipedia

    en.wikipedia.org/wiki/Hui_(informal_loan_club)

    The basic premise of the model is a group of close friends and family members coming together once a month and contributing a fixed amount of the money into a money pool. Every time, one member of the group will be chosen to withdraw the entire lump sum from the pool, often for purpose of down payments towards houses or cars or to start a new ...

  3. Solidarity lending - Wikipedia

    en.wikipedia.org/wiki/Solidarity_lending

    Solidarity lending involves collateral-free loans through solidarity groups and village organizations like this one in Bangladesh.. Solidarity lending is a lending practice where small groups borrow collectively and group members encourage one another to repay.

  4. Tanda (informal loan club) - Wikipedia

    en.wikipedia.org/wiki/Tanda_(informal_loan_club)

    When they come to an agreement of who will be in the tanda and how much it will be (either weekly, monthly, yearly), they have to come up with the order of who is going to receive the money. Participants can either raffle the numbers or make the decision in who needs the money most. It all depends on the group's decisions. [3]

  5. Borrowing Money From Your Bank: Why the 5 C’s of Credit Matter

    www.aol.com/finance/borrowing-money-bank-why-5...

    Do you need to borrow money from your bank? In GOBankingRates' Best Banks 2023 survey polling 1,000 Americans, 33% expect their banks or credit unions to be able to offer small personal loans. See ...

  6. Small business financing: Your options - AOL

    www.aol.com/finance/small-business-financing...

    Business credit cards typically let you earn cash back for everyday purchases or rewards to redeem for travel. They may also offer multiple cards for employees complete with spending limits. Pros ...

  7. Microcredit - Wikipedia

    en.wikipedia.org/wiki/Microcredit

    Members save small amounts of money, as little as a few rupees a month in a group fund. Members may borrow from the group fund for a variety of purposes ranging from household emergencies to school fees. As SHGs prove capable of managing their funds well, they may borrow from a local bank to invest in small business or farm activities.

  8. The best ways to borrow money - AOL

    www.aol.com/finance/best-ways-borrow-money...

    Other ways to borrow money, like a 401(k) loan or through a public agency, may require you to meet specific eligibility requirements. Bank or credit union personal loan

  9. Rotating savings and credit association - Wikipedia

    en.wikipedia.org/wiki/Rotating_savings_and...

    A rotating savings and credit association (ROSCA) is a group of individuals who agree to meet for a defined period in order to save and borrow together, a form of combined peer-to-peer banking and peer-to-peer lending. Members all chip in regularly and take turns withdrawing accumulated sums.