What is community finance?

Community finance is lending, borrowing, and resource pooling between friends, family, neighbors, and co-workers in social networks. Participation in community finance is common across socio-economic statuses. It is an everyday part of life for people with low incomes, extending beyond the popularized Rotating Savings and Credit Associations (ROSCAs).

Giving Credit recognizes that for many, this is not just a way of getting by; it is part of your culture, how you get ahead, and how you support your communities. That is why we exist. We want to make community finance easier for you and your community while adding benefits like loan guarantees and credit reporting.