Trust Groups
In 1991, a group of Opportunity supporters formed the Women’s Opportunity Network (WON) and created an innovative group-lending methodology called the Trust Group. A typical first point of entry, the Trust Group joins together 10 to 30 entrepreneurs who elect leaders and pledge to guarantee each other’s loans. Because the group guarantee replaces the need for collateral, credit becomes available to those previously excluded from formal financial services. Each week, as Trust Groups gather to repay their loans, Opportunity provides educational sessions to develop business skills and enhance personal growth. In 2009, almost 1.2 million clients received transformative training on a wide range of topics.
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Famous quotes containing the words trust and/or groups:
“And such the trust that still were mine,
Though stormy winds swept o’er the brine,
Or though the tempest’s fiery breath
Roused me from sleep to wreck and death.
In ocean cave, still safe with Thee
The germ of immortality!
And calm and peaceful shall I sleep,
Rocked in the cradle of the deep.”
—Emma Hart Willard (1787–1870)
“In properly organized groups no faith is required; what is required is simply a little trust and even that only for a little while, for the sooner a man begins to verify all he hears the better it is for him.”
—George Gurdjieff (c. 1877–1949)