Face to Face Lending - a social enterprise model for credit.
Borrowing from the direct-sales business model, Face to Face lending relies on social networks to distribute credit.
Profile
I am passionate about: social enterprise
A little known fact about me is: I grew up in the Raisin Capital of the World!
Show my name on the attendees list for events I am attending: Yes
Location: San Clemente, CA, USA
Research
195pt
Idea
172pt
Evaluation
0pt
Collaboration
119pt
Total
486pt
Borrowing from the direct-sales business model, Face to Face lending relies on social networks to distribute credit.
"Bad decisions" often make good sense to people who make them - it is important to understand this and try to see the logic.
There is probably more research out there that shows financial education doesn't work than evidence that it does.
There is an effort underway to re-introduce financial services to US Post Offices.
MAF connects the informal social lending of immigrant communities to mainstream financial institutions.
Shuting,
Thanks for your comment. I've been a little stuck with how to proceed (and stretched thin on time-but who isn't?) so I appreciate your feedback.
This is one of the few ideas posted that doesn't assume folks have income to begin with - and I like that. Using "Financial Empowerment" to only mean managing your money better is a narrow view. It may be the narrow view that was intended by the challenge, but there are other ways to think about it as you have demonstrated. I would like to see more ideas like these - answering the question of "what are sustainable ways to put money in people's pocket in the first place".
Jared commented on Face to Face Lending - a social enterprise model for credit.