A small group of people that just met sat pondering how much money to give to each other — between $50 and $200 per month at an office building in San Francisco’s Mission District.
1 by 1, a bus motorist, a technology instructor as well as others around a dining dining table stated “200,” until Jazzel Woods Sr.’s turn arrived up.
“Oooh! You all some rollers that are high” stated Woods, 28, a young adult counselor in Oakland that is struggling to cover their rent. After some doubt, he said: “Yeah, i could offer you 200.”
Woods and also the other Bay region residents are committing to be involved in a system that bridges casual traditional financing techniques — called tandas in Mexico or kye in Korea — using the main-stream financial system. Continue reading “Changing life because they build Credit History — One Microloan at any given time”