Cooperative lending

Cooperative lending is a financial model where a group of individuals pool their resources to provide loans to each member or others within the group. The members are both lenders and borrowers, working together to support each other's financial needs. This approach often offers lower interest rates and more flexible terms compared to traditional banks, as profits are usually reinvested into the group or shared among members. Cooperative lending promotes community trust, mutual assistance, and financial inclusion, making access to credit more equitable for members who might face challenges with conventional financial institutions.