lending circles

Lending circles are a trusted financial arrangement where a group of individuals agree to contribute a set amount of money regularly. The total pooled funds are then given as a lump sum to one member during each cycle, rotating through the group. This system provides members with access to funds they might not qualify for through traditional loans, and promotes community savings and financial support. Lending circles foster mutual accountability and financial discipline, making them a valuable tool for building credit, saving money, and achieving collective financial goals within a trusted network.