Lending Circles

A Economic Opportunity Program

Hacienda’s Lending Circles turn a common and ancient practice- borrowing money with family and friends- into a safe, powerful credit and savings building opportunity. Lending circles (also known as tandas, susu, cundinas, and pandeiros in other countries) help participants raise money for necessities or to pay off other high-interest loans, small business expenses, get a car, etc.

Lending Circles consist of a group of people lending money to each other at no cost. Group members collectively decide on the amount to be loaned, for example $1,000. Each member contributes an equal portion of the total to the pool of funds every month and one member gets the full $1,000 each month. Lending circles participants agree to an order of payouts, which can change if one member has an urgent need for the money. By the 10th month, all participants will have received $1,000 and all the loans will have been totally paid off.

Hacienda CDC collaborates with the Mission Asset Fund, a non-profit organization based in San Francisco, to offer lending circles and assist participants in saving money and establishing or improving credit. Member payments are reported to all three major credit bureaus to improve future access to credit.

Interested in learning more? Please contact us to find out how to apply for the next Lending Circle.



Lending Circles are formed between 6-12 people, and the loan amount ranges from as little as $300 to $2,400.

Each month, a new member of the Lending Circle receives the loan until everyone in the group gets their chance.