The Finance Mechanism
The diagram illustrates the lending process:
- The order is placed by a buyer (e.g. a coffee importer) with the producer (e.g. a coffee farming co-operative)
- Shared Interest makes an advance payment on behalf of buyers to the producers
- The producer is able to borrow an additional amount against that order to cover their expenses
- The goods are delivered
- The final payment is made to the producer; the buyer re-pays the credit provided by Shared Interest
Read more about this topic: Shared Interest
Famous quotes containing the words finance and/or mechanism:
“A bank is a confidence trick. If you put up the right signs, the wizards of finance themselves will come in and ask you to take their money.”
—Christina Stead (1902–1983)
“A mechanism of some kind stands between us and almost every act of our lives.”
—Sarah Patton Boyle, U.S. civil rights activist and author. The Desegregated Heart, part 3, ch. 2 (1962)