Solidarity lending definition

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Solidarity lending

Solidarity lending logo #21000 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. ==Operations== Solidarity lending takes place through ‘solidarity groups’. These groups are a distinctive banking distribution channel used primarily to deliver mic...
Found on http://en.wikipedia.org/wiki/Solidarity_lending
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