Affinity Group Lending
FINANTA’s Affinity Group Lending Program offers microloans and credit building services to groups of borrowers, and is tailored to the needs of entrepreneurs or consumers.
FINANTA offers an Affinity Group Lending Program for entrepreneurs, consumers, and homebuyers to build financial capacity, bankability, and creditworthiness through financial education and coaching, technical assistance, and access to capital.
This innovative program is modeled after a traditional practice known globally as Tandas, Tontin, Roscas, and Susus, that brings community members together to create and rotate pools of money. FINANTA has formalized this practice by using its loan capital and reporting payments to credit bureaus.
“I was amazed by their product. They really reach out into the community and help people become self-sufficient. They pick people up and coach them until they are financially literate.”
How It Works
Like the counties we serve, our borrowers are diverse.
FINANTA is proud to support women business owners.
Affinity groups come from all over our market and the members are primarily immigrants.
124+ Borrowing Cycles
Since 2011, affinity groups have borrowed in over 124 cycles at FINANTA.
We have provided 1,140 microloans to our affinity groups.
$5.7+ Million Invested
FINANTA has invested $5.7 million in affinity groups for entrepreneurs, consumers, and first-time homebuyers.