Solidarity lending

Solidarity lending is a way for people to borrow money from each other without having to go to a bank. Instead, people can ask for help from their friends and family, or even just people in the same community, to get the money they need. The idea is that people can work together to help each other out, and everyone involved can benefit. For example, if a family needs money to buy a car, they can ask their friends and family to each contribute a small amount of money so they can reach the total price. The people who help contribute the money are called “lenders” and they don’t expect to get any of the money back, it’s just a way to show solidarity and help out a friend in need.