Lending Sectors Help Latinas Settle Payments And Invest

Lending Sectors Help Latinas Settle Payments And Invest

Alicia Villanueva utilized funds from lending circles to greatly help develop her business, Alicia’s Tamales Los Mayas. Sarah Peet/Sarah Peet Photography hide caption

Alicia Villanueva used funds from lending sectors to simply help develop her business, Alicia’s Tamales Los Mayas.

Included in its Changing everyday lives of Women series, Morning Edition is checking out ladies and money: saving to their relationship, buying and spending on their own and their loved ones.

Cuban-American Barb Mayo defines a tanda similar to this: « It really is such as a no-interest loan along with your buddies. » Mayo had never ever been aware of tandas growing up, plus it was not until she began involved in product sales for the cable business in Southern Ca that she had been introduced towards the concept.

« we caused a number of Mexican females plus they had been like, ‘Hey Barb would you like to perform a tanda?’ and I also had been like, ‘What is just a tanda?’ — and they explained it if you ask me. »

Here is a good example of exactly how a tanda works: Ten buddies, household or co-workers meet up, and each agrees to provide $100 every fourteen days towards the team’s organizer. Read more…