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)
“I’ve never known a Philadelphian who wasn’t a downright “character;” possibly a defense mechanism resulting from the dullness of their native habitat.”
—Anita Loos (1888–1981)