Solidarity lending is a lending practice where small groups borrow collectively and group members encourage one another to repay. It is an important building block of microfinance.
Read more about Solidarity Lending: Operations, Distinctivess, Grameen Bank, Application, Criticisms, See Also
Famous quotes containing the words solidarity and/or lending:
“It is not in how one soul approaches another but in how it withdraws that I know its affinity and solidarity with the other.”
—Friedrich Nietzsche (1844–1900)
“And lending it one mental fillip the more, the fact that all these people were inwardly attacked by well-nigh resistless decay, and that most of them were feverish.”
—Thomas Mann (1875–1955)